根据TD Cowen的分析，随着人工智能和太空产业的增长，投资者应买入SpaceX的股票。
Investors should scoop up shares of SpaceX as growth in the artificial intelligence and space industries will drive gains, according to TD Cowen.
分析师John Blackledge给予该股票买入评级，目标价为200美元，较周一收盘价有37%的上涨空间。
Analyst John Blackledge initiated coverage of the stock with a buy rating. His price target of $200 implies upside of 37% from Monday's close.
SpaceX于6月开始交易，其IPO规模创下了历史纪录，每股定价为135美元，最高涨至225.64美元，但随后回落至145.47美元。
SpaceX began trading in June following the largest initial public offering in history. The company priced its IPO at $135 per share. It rallied as high as $225.64 but quickly pulled back from those levels.
Blackledge预计，到2027年第一季度，SpaceX的地面人工智能计算租赁业务（客户包括Google和Anthropic）将成为公司增长最快的收入来源，并占总收入的多数。
It closed Monday's session at $145.47. SPCX 3M mountain SPCX 3-month chart Still, Blackledge expects "SpaceX's terrestrial AI compute leasing (with customers including Google & Anthropic) to comprise the company's fastest growing revenue stream and majority of overall SPCX rev by 1Q27, driven by ramping terrestrial GW capacity."
他指出，SpaceX的吉瓦级计算能力将从2026年的2.1吉瓦增加到2027年的6吉瓦。
He added that he sees SpaceX gigawatt capacity to grow to 6 gigawatts by the end of 2027 from 2.1 in 2026. One gigawatt equates to 1 billion watts of power.
Blackledge认为，鉴于当前人工智能供需失衡，向前沿实验室和其他公司出租计算能力是推动SpaceX收入增长的最大短期因素。
"The biggest near-term driver of SPCX revenue is leasing terrestrial AI compute capacity to frontier labs and other companies given the current AI supply and demand imbalance," Blackledge said.
目前已有4家客户在2026年开始租赁SpaceX的计算资源，包括Anthropic和Alphabet。
"SPCX currently has 4 customers leasing or starting to lease AI compute capacity in '26, including Anthropic and Alphabet.
他预计SpaceX在2026年第四季度将实现约81亿美元的人工智能计算租赁收入，到2026年12月时年经常性收入将达到410亿美元。
We estimate SPCX will generate AI compute leasing revenue of ~$8.1BN in 4Q26, exiting 12/26 with a $41BN [annual recurring revenue]." The analyst also pointed to Starship , SpaceX's massive rocket that launched into orbit on Monday, as another driver for the company.
此外，SpaceX的巨型火箭Starship于周一成功发射，这将为公司带来更多政府项目机会，预计发射与开发收入将超过发射服务收入。
"Starship opens up the opportunity for more complex government missions (e.g., lunar missions, Mars, etc.), and thus Launch & Development revenue should exceed Launch Services revenue (circa Q1:30)," he said.
大多数研究该股票的分析师持乐观态度，LSEG数据显示40位分析师中有31位给予买入或强烈买入评级，平均目标价较当前股价有57%的上涨空间。
Most analysts covering the stock are bullish. LSEG data shows that 31 of 40 rate it a buy or strong buy. The average price target implies upside of 57%.