SpaceX shares have surged 460% following a wave of buy ratings from Wall Street analysts.
The sharp repricing reflects growing conviction in the company's market position and growth trajectory.
According to reports from Di, analysts are highlighting SpaceX's exclusive access to markets valued at several trillion dollars as a key driver.
This assessment underscores the company's dominant role in the aerospace and satellite sectors, where barriers to entry remain high.
The rally marks a significant turnaround for the stock, which previously suffered a severe sell-off.
Earlier trading saw shares plunge 23%, erasing approximately $600 billion from the company's market capitalization in what was described as the steepest single-day decline for the aerospace firm.