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Jun 12, 2026 4:00 AM

Oppenheimer Predicts Over 40% Upside For Elon Musk's SPCX Ahead Of Blockbuster IPO: 'We See It As The Only...'

Investment bank Oppenheimer Holdings Inc. (NYSE:OPY) has launched the first coverage of commercial space flight company SpaceX on Wall Street, predicting a near 41% upside for the Elon Musk-led company ahead of Friday’s IPO.

Oppenheimer Sets $190 Price Target

In a new investor note released on Thursday, the investment bank set a price target of $190 for SPCX, a nearly 41% upside compared to the IPO offer price of $135/share.

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The note said that the bank saw potential for SpaceX to “leverage terrestrial compute expertise” to help its expert system. “We see it as the only vertically-integrated AI company with the required capital, data, LLMs, hardware, manufacturing and engineering talent,” the bank said.

Oppenheimer said it expects SpaceX to become the “largest” communications and AI company, but warned of “extreme stock and operational volatility” as well as challenges ...