Starlink

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<p>SpaceX shares have gained fresh momentum after Raymond James initiated coverage with an $800 price target, implying about 440% upside from current levels.</p>
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   <li>Raymond James initiated SpaceX with a Strong Buy rating and an $800 price target, implying about 440% upside.</li>
   <li>Wall Street support strengthened as Morgan Stanley, Goldman Sachs, Citigroup, UBS, and Wells Fargo also issued bullish ratings.</li>
   <li>SpaceX expanded its Starlink plans, Ark Invest added shares, and the company’s Bitcoin holdings remained in focus.</li>
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<p>According to Raymond James, the brokerage has started coverage of SpaceX with a Strong Buy rating and an $800 price target, making it one of the most optimistic forecasts issued by a major Wall Street firm.</p>
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   <p><a href="https://x.com/search?q=%24SPCX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SPCX</a> – SPACEX COULD SOAR 440%, SAYS RAYMOND JAMES<br><br>Raymond James launched SpaceX coverage with a Strong Buy rating and a Street-high $800 target, implying 440% upside.<br><br>The bullish outlook is driven by Starship, Starlink, and SpaceX’s potential as a global infrastructure giant.…</p>— *Walter Bloomberg (@DeItaone) <a href="https://x.com/DeItaone/status/2075187644271562982?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 9, 2026</a>
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<p>The target came as SPCX traded around the $153 level on Thursday after rising about 3.2%, following a difficult stretch in which the stock had fallen more than 25% from recent highs despite joining the Nasdaq-100, as previously <a href="https://crypto.news/elon-musks-spacex-wallet-bitcoin-fears-as-spcx-sinks/" rel="noopener noreferrer nofollow">reported</a> by crypto.news.</p>
<figure class="wp-block-image size-full"><img width="1011" height="488" src="https://media.crypto.news/2026/07/Screenshot-2026-07-10-001223.webp" alt="SpaceX (SPCX) stock climbs 3.27% to $153.11 during intraday trading, recovering steadily after a sharp morning dip.">
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  Source: <a href="https://finance.yahoo.com/quote/SPCX/" rel="noopener noreferrer nofollow">Yahoo Finance</a>
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<p>The brokerage linked its bullish outlook to three long-term businesses that it believes could support future growth. Raymond James pointed to the continued development of Starship, the expanding Starlink satellite internet network, and the company’s potential to become a major global infrastructure provider through its launch and communications operations.</p>
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<h2 class="wp-block-heading" id="wall-street-support-for-spacex-continues-to-grow">Wall Street support for SpaceX continues to grow</h2>
<p>Fresh optimism from Raymond James builds on a <a href="https://crypto.news/morgan-stanley-backs-spacex-as-wall-street-sees-upside/" rel="noopener noreferrer nofollow">series of positive ratings issued</a> by other investment banks in recent days. Morgan Stanley began coverage with an Overweight rating, assigning a base-case price target of $300 and a bull-case target of $600.</p>
<p>Goldman Sachs also initiated coverage with a Buy rating and a $205 target, while Citigroup started coverage with a Buy recommendation and a 12-month target of $200. UBS and Wells Fargo also launched coverage with positive recommendations, adding to institutional support for the newly listed company.</p>
<p>Although Raymond James’ forecast stands well above those targets, the latest recommendation has added to expectations that analysts continue to see substantial upside even after SpaceX’s recent share price volatility.</p>
<p>Separately, Cathie Wood’s Ark Invest has continued increasing its exposure to SpaceX. According to reports, the investment firm bought 153,084 shares across its ARKK, ARKQ, and ARKX exchange-traded funds. Based on SpaceX’s closing price of $148.30, the purchase was valued at roughly $22.7 million.</p>
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   <p>Here is every move Cathie Wood and Ark Invest made in the stock market today 7/8 <a href="https://t.co/BgU7NoYpBe" rel="noopener noreferrer nofollow">pic.twitter.com/BgU7NoYpBe</a></p>— Ark Invest Tracker (@ArkkDaily) <a href="https://x.com/ArkkDaily/status/2075011890460151976?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 9, 2026</a>
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<h2 class="wp-block-heading" id="starlink-expansion-and-bitcoin-holdings-stay-in-focus">Starlink expansion and Bitcoin holdings stay in focus</h2>
<p>Operational developments have also remained active. SpaceX has filed an application with the U.S. Federal Communications Commission seeking approval to deploy as many as 100,000 third-generation Starlink satellites, a move that would significantly expand its satellite internet network if approved.</p>
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   <p>SpaceX has officially requested FCC approval to launch and operate a third-generation satellite constellation of 100,000 satellites, designed to power human connectivity and AI-fueled progress.<br><br>"The artificial intelligence revolution promises a supersonic tsunami of progress… <a href="https://t.co/lG3d21zdHg" rel="noopener noreferrer nofollow">pic.twitter.com/lG3d21zdHg</a></p>— Sawyer Merritt (@SawyerMerritt) <a href="https://x.com/SawyerMerritt/status/2074502917906649357?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 7, 2026</a>
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<p>The company has also maintained a rapid launch schedule. Reports show SpaceX deployed 1,589 Starlink satellites during the first half of 2026, surpassing the previous first-half record of 1,489 launches achieved in 2025.</p>
<p>Outside its space business, SpaceX recently drew attention in the cryptocurrency market. As crypto.news <a href="https://crypto.news/elon-musks-spacex-wallet-bitcoin-fears-as-spcx-sinks/" rel="noopener noreferrer nofollow">reported</a>, a wallet linked to the company transferred $88 worth of Bitcoin on July 8, ending six months without on-chain activity.</p>
<p>Data from Arkham Intelligence showed SpaceX still holds about 18,712 BTC, valued at roughly $1.16 billion, while the receiving wallet contains 614 BTC worth about $38 million.</p>
<p>Investors are also tracking developments tied to Elon Musk’s artificial intelligence ecosystem after SpaceXAI disclosed <a href="https://crypto.news/elon-musk-unveils-grok-4-5-openai-ready-gpt-showdown/" rel="noopener noreferrer nofollow">plans to release</a> Grok 4.5 to the public.</p>
<p>Despite the growing list of bullish analyst calls, some investors remain cautious. Critics argue that SpaceX’s valuation already prices in much of its expected expansion, while others say the company’s first public earnings report will provide a clearer basis for assessing whether current expectations can be justified.</p>
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Raymond James shocks Wall Street with $800 SpaceX stock target

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