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Needham maintained a "Buy" rating and a $250 price target for SpaceX, citing accelerating growth in AI hashrate revenue.
Needham maintained its "Buy" rating and $250 price target for SpaceX, citing accelerating growth in its AI compute revenue. Announced compute deals are projected to reach an annualized revenue run rate of $54 billion, supporting management's goal of achieving $100 billion in total annualized recurring revenue by the end of 2026.
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