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SpaceX Got a Buy Call From a Tesla Bull. Why the Stock Plummeted.

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With shares of Elon Musk’s rocket and AI company volatile in post-IPO trading, investors will be paying close attention to what Wall Street has to say about valuation. The latest rating is a bullish call, valuing SpaceX at a cool $2.5 trillion. Tuesday evening, Wedbush analyst Dan Ives launched coverage of SpaceX with a Buy rating and a $190 price target.