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 Handelsblatt, investment houses that participated in the company's record-breaking initial public offering last month have published new estimates, with some setting price targets as high as $800 per share.
The move marks a significant shift in sentiment for the aerospace giant.
Investors have been operating without financial projections since the IPO in mid-June, leaving the market to price the stock largely on sentiment rather than fundamental data.
The new analyst coverage provides a concrete framework for valuation, anchoring the speculative rally with institutional price targets.