SpaceX has received "buy" ratings from major Wall Street banks including Goldman Sachs, UBS, and Morgan Stanley, bolstering support for Elon Musk's recently public AI and rocket venture. These recommendations, issued after the quiet period following SpaceX's IPO, provide investors with guidance as the company's stock navigates initial trading volatility. The shares, which debuted at $135, saw a peak of $225 before settling around $160.

Analysts are optimistic about SpaceX's prospects, with Morgan Stanley setting a $300 price target and Bernstein issuing an "outperform" rating with a $239 target. UBS highlighted the company's $2 trillion valuation and its significant assets in reusable rockets and Starlink satellites, initiating coverage with a buy rating and a $210 target. The bank also noted SpaceX's AI advancements, including its Grok chatbot and the acquisition of Cursor, suggesting these developments could challenge rivals like OpenAI.

SpaceX's inclusion in the Nasdaq 100 index on Tuesday further impacts market dynamics. This early entry, unusual for newly listed companies, mandates that index-tracking funds purchase SpaceX shares, potentially introducing billions in new capital. This development signals strong institutional belief in the company's growth trajectory and its expanding influence across aerospace and artificial intelligence sectors.