Raymond James analyst Brian Gesuale initiated coverage on SpaceX with a strong buy. He set an $800 price target, projecting significant future stock appreciation. Gesuale sees SpaceX revenue soaring to $5.2 trillion by 2035. This growth is primarily based on its nascent artificial intelligence business. The analyst believes AI will become SpaceX’s largest revenue source by 2027.
Oil Price Today (July 8): Crude oil tops 5% in two days as ‘powerful’ US strikes on Iran revive supply fears. What’s unfolding?
Brent crude futures climbed $1.62, or 2.16%, to $76 a barrel, while U.S. West Texas Intermediate crude gained $1.63, or 2.31%, to $72 a barrel.