SpaceX Falls to $139.14; Bank of America Sets $235 Target on Launch Cost Leadership

SPCX-4.26%
According to Bank of America, SpaceX closed at $139.14 on July 13, down 4.24% from the previous session. BofA senior analyst Ron Epstein issued a buy rating with a $235 target price, citing the company's space launch leadership. Epstein noted launch costs have dropped significantly: Falcon 9 now costs around $2,000 per kilogram versus the prior $10,000-$20,000, with Falcon Heavy at roughly $1,000. He projected Starship could eventually achieve $50-$100 per kilogram once fully reusable. The company went public at $135 one month ago.
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