Barclays Flags Possible Tesla–SpaceX Merger; FAA Filing Shows Massive Starship Launch Surge
SPCX has more than doubled off its 52-week low of $21.32.
Summary
Barclays has flagged a possible Tesla–SpaceX merger, with an announcement potentially coming late October to early November or within 6–12 months. The FAA filing reveals SpaceX may boost Boca Chica Starship activity from 25 to up to 456 launches and 912 landings yearly, with an initial phase of 100 launches and 200 landings. SpaceX will testify before the NYC Council's Technology Committee on Oct 16 about AI safety. The company also plans to acquire up to 14 MHz of nationwide 800 MHz spectrum to boost its satellite-to-phone service. Raymond James reiterated a Strong Buy with an $800 target, citing Starship expansion and faster satellite deployment.
At the time of this announcement, SPCX was trading at $150.30 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.1T. The 52-week trading range was $21.32 to $225.64. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.