Phillip Double-Upgrades SpaceX to Buy, Triples Target to $250

Phillip Securities has double-upgraded SpaceX to Buy from its prior rating and tripled its price target to $250, citing AI-driven upside for the private space company. The call is a rare public analyst rating on SpaceX, which remains privately held, and signals growing investor conviction in the company's artificial intelligence-linked growth prospects. The move marks one of the more aggressive analyst actions on the name, lifting the target to $250 from a prior level one-third of that figure. For investors, the upgrade underscores a shift in how analysts are framing SpaceX's valuation, with AI upside now positioned as a central pillar of the bull case rather than a peripheral consideration. Because SpaceX is not publicly traded, the rating carries weight chiefly as a signal of sentiment toward private space and AI-adjacent assets, and as a potential read-across for listed companies in the sector. What to watch next: whether other research houses follow Phillip with public coverage of SpaceX, and whether the AI thesis gains traction in private-market valuations and any future capital-raising or liquidity events for the company.