Bernstein Maintains $248 Price Target for SpaceX Amid New Starship Base Plans

Bernstein has reaffirmed its outperform rating and $248 price target for SpaceX, citing the development of a new 125,000-acre Starship base in Louisiana designed for 30 daily launches by 2029. The firm highlights SpaceX's expansion into industrial infrastructure, including a new blade foundry in Texas, the acquisition of Cursor, and the growth of Starlink's aviation business, despite competition from Amazon's Kuiper.