[Bank of America Reiterates Bullish Stance on SpaceX, Maintains $235 Target Price] BlockBeats News, August 7, Bank of America reiterated its bullish stance on SpaceX, maintaining a target price of $235, which represents an approximately 87.5% upside compared to the post-earnings reference stock price of $125.33. Bank of America believes that the true driver of the company's long-term value is no longer its traditional rocket launch business but rather its rapidly expanding AI computing power business. Bank of America estimates that SpaceX's AI business revenue will reach approximately $24.5 billion in 2026, accounting for more than half of the company's full-year revenue forecast ($46.9 billion). It also projects that revenue will grow to $100.7 billion in 2027 and $184.8 billion in 2028. Additionally, the 2026 earnings per share (EPS) forecast has been revised from a loss of $0.02 to a profit of $0.91, with 2027 and 2028 EPS forecasts raised to $3.19 and $7.29, respectively. [Original Link]