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MoffettNathanson initiated coverage of SpaceX with a Neutral rating and $131 price target implying 18% downside from the latest private-market valuation.
What happened
MoffettNathanson initiated coverage of SpaceX with a Neutral rating and $131 price target implying 18% downside from the latest private-market valuation.
Why it matters
Analyst coverage of private companies supplies one data point whose impact on secondary markets remains undetermined.
Source context
MoffettNathanson initiated research coverage of SpaceX with a neutral rating and a $131 price target, implying 18% downside from the stock's latest close.
DECLASSIFIED SOURCE: CNBC Top News
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