SpaceX price target raised as Starlink takes aim at U.S. telecom giants

The news that Elon Musk’s Starlink is preparing to become a major carrier sent U.S. telecom giants’ equities plunging, had next to no impact on SpaceX (NASDAQ: SPCX ) stock but, by press time on October 12, registered with some Wall Street analysts. Specifically, Pivotal Research’s Jeffrey Wlodarczak issued a note on Monday in which he maintained his previous ‘Buy’ rating and increased the 12-month SPCX price target from $220 – 33.90% above $164.30 at press time – to $230, for a 39.99% forecasted upside.

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