Oppenheimer on Thursday initiated coverage of SpaceX with an "Outperform" rating and a price target 40% above its IPO price, citing the company's large potential market and technological advantages over competitors.

By Siddarth S June 11 (Reuters) - Oppenheimer became the first global brokerage to start coverage of SpaceX, ahead of the rocket and AI company's highly anticipated $75 billion market debut on Friday.

Timothy Horan, Oppenheimer, joins 'The Exchange' to discuss SpaceX's valuation, the outlook for the company and much more.

According to a Reuters report, Chanos said that he believes SpaceX is not worth $1.75 trillion based on reasonable assumptions over the next five years.

General Kenneth D. Nichols details the truth behind the 1954 hearing that stripped J. Robert Oppenheimer of his clearance.

Shares of Oracle (NYSE:ORCL | ORCL Price Prediction) took a major hit on Thursday, with shares stumbling close to 9% after reporting reasonable sales growth. Undoubtedly, the big headlines weren’t the quarterly results themselves,

After its lengthy history as a private firm, SpaceX’s initial public offering was in hot demand. Now that it’s publicly traded, don’t expect things to cool down. “We expect extreme stock and operational volatility,

Oppenheimer's Rick Schafer expects Broadcom to beat Q2 estimates and raise guidance. Here is the AI thesis and what it means for AVGO stock investors.

The IPO market has spent years searching for a company capable of reigniting investor enthusiasm. SpaceX (NASDAQ:SPCX) may be that company. After debuting in the largest IPO in history, the aerospace and AI giant immediately became one of the market’s most closely watched stocks.

Learn more In a recent note to investors, Oppenheimer analysts suggest that SpaceX has the assets to disrupt the $1.6 trillion U.S. communications industry by way of the company's Starlink satellite broadband service.