SpaceX turned its first quarterly profit in the three months through September, posting $4. 4 billion in net income after a string of losses. The company did it by outgrowing every forecast on the books. Wall Street has taken notice. Whether the stock actually gets there depends on far more than one strong report, and the risks are just as large as the rewards. Bank of America raised its price target on SpaceX to $275 from $235 and kept its buy rating.
POLARIS INSIGHTS