Wall Street Sees SpaceX Surpassing Nvidia in Long-Term Valuation

On June 16, just its third day of trading, Space Exploration Technologies (NASDAQ: SPCX), also known as SpaceX, was briefly the fourth-largest company by market cap. Its stock has pulled back since then, but it's still in the top 10 as of June 25.

The space company's fast rise drew comparisons to Nvidia (NASDAQ: NVDA), the chipmaker that's currently the world's most valuable business. Some Wall Street analysts have even predicted that SpaceX's market cap could surpass Nvidia's. Here's a look at the most bullish projections and how these two companies really compare.

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Nvidia's market cap sits at about $4.7 trillion, and multiple analysts have set targets beyond that for SpaceX. Arete analyst Andrew Beale gave SpaceX a buy rating and a price target of $401 by the end of next year, which would translate to a market cap of about $5.3 trillion -- enough to surpass Nvidia's current market cap, although there's no tell

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/wall-street-sees-spacex-surpassing-212700365.html)