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SpaceX Shares Plunge 13% As Elon Musk's Fortune Sheds $80 Billion -- Here's What Analysts Are Saying
xCruzo Brief
SpaceX shares plunged about 13% as Elon Musk’s fortune fell by roughly $80 billion to $701.5 billion, according to Forbes estimates. The drop came alongside updated guidance: Musk said SpaceX now expects revenue to top $1 trillion by 2030 and potentially by 2029, down from an earlier 2031 projection. Analysts were split. JPMorgan lifted its price target to $240 from $225, pointing to “extreme vertical integration” and forecasting potential AI revenue of $100 billion by 2027. Wells Fargo cut its target to $215 from $230, warning spending could outpace revenue. Separately, the BBC reported a rocket piece likely crashed on the moon near Einstein Crater.
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