Stifel maintains its "Buy" rating on SpaceX with a price target of $190, citing optimism over its AI and mobile network positioning. The firm believes that tightening approvals for U.S. data centers could create new opportunities. Backed by $40 billion in committed GPU financing, SpaceX can acquire stalled AI infrastructure projects with stable power supplies. At the same time, the firm is bullish on the potential of orbital computing, while the selection of Qualcomm as a radio supplier reinforces SpaceX's mobile network ambitions.