Citigroup Just Opened a "90-Day Catalyst Watch" on SpaceX, While JPMorgan Chase More Than Doubled Its Price Target. Here's Why Wall Street Is Now So Bullish on the Stock

The company went public at a huge valuation and now trades with a market cap of about $2 trillion. Meanwhile, the company has continued to raise significant debt as it plans to spend heavily to pursue an ambitious slate of goals, including significantly expanding its artificial intelligence (AI) compute capacity and eventually launching data centers in space. Although there is still a long way to go, SpaceX has recently been getting a lot of love from Wall Street.