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- AST SpaceMobile Sinks 9% as Piper Sandler Cuts to Neutral on SpaceX Direct-to-Cell Threat; Planet Labs Drops 4%, Rocket Lab Slips
AST SpaceMobile (ASTS) fell 9% to $46.58 in morning trading after Piper Sandler downgraded the stock to Neutral from Overweight, citing less conviction in the pace of commercial satellite launches, as SpaceX's expanding direct-to-cell push could restrict launch access and pressure pricing. The stock is down 36% year to date and below its prior 52-week low of $47.57. Deutsche Bank took the opposite view in the previous session, upgrading to Buy from Hold and arguing the selloff exceeded the value of the company's spectrum position. Planet Labs (PL) and Rocket Lab (RKLB) also declined, down 4% and 2%. AST SpaceMobile has 13 BlueBird satellites in orbit, targets 45 by early 2027, and reports a contracted backlog of $1.3 billion.
- Elon Musk Could Announce A Tesla-SpaceX Merger In Coming Weeks, Analyst
- SpaceX Stock Could Soar by 73%, According to a Wall Street Analyst
SpaceX (SPCX) has recovered to about $173 per share after falling to a low of $104.83, well above its $150 debut price. Morgan Stanley analyst Adam Jonas set a $300 price target and kept an 'overweight' rating, arguing that once growth is factored in, SpaceX looks cheaper than Amazon, Alphabet and Meta on key metrics, even though its 68.5 price-to-sales ratio and 200x forward earnings look high at first glance. Revenue in the latest quarter rose 92% year over year to $7.8 billion, the net loss narrowed to $541 million from $1 billion a year earlier, and the company signed an AI compute deal worth $1.11 billion per month. Risks include regulatory delays, slower-than-expected progress with the Starship rocket, and stalling AI monetization, and the article argues much of SpaceX's value depends on these developments. The author says that at current levels, he would stay far away from the stock.
- One Analyst Said SpaceX Has "Significant Moats" and Just Put a Buy Rating on the Stock. Is He Right?
- Wall Street Analyst Predicts 30% Upside for Palantir and 60% for SpaceX. Is It Time to Buy the Stocks?
Barclays analyst Anthony Valentini initiated coverage of SpaceX (SPCX) and Palantir (PLTR) with overweight ratings, with a $254 price target for SpaceX implying nearly 60% upside and a $265 target for Palantir implying more than 30% gain. He sees SpaceX's scale and launch capacity giving Starlink a major edge, with growth expected from terrestrial data centers, leasing out computing capacity and the Cursor acquisition for AI coding, although reaching that upside requires rapid growth and progress with Starship. For Palantir, the analyst points to the government's shift toward unified data systems and U.S. commercial customers as growth drivers, with net revenue retention of 157% at the end of Q2 showing customers spending 57% more than a year earlier. The article notes Palantir is not cheap at 39 times 2027 forward sales estimates, but calls it an intriguing growth stock even at these levels.
- Is SpaceX Stock Cheap? 1 Wall Street Analyst Thinks So.
SpaceX (SPCX) has seen its price-to-sales ratio fall from about 100 times trailing 12-month sales at its June public debut to 68 times now, after sales rose 92% in Q2 2026, its first report as a public company. Growth came from its rocket-launch, Starlink and xAI segments, which rose 55%, 32% and 213%, but only Starlink is profitable and the company posted a net loss of $541 million. Morgan Stanley analyst Adam Jonas calls the stock “Cheap and Getting Cheaper,” citing 30 times 2028 expected profit versus a median of 16 for big tech, and a growth-adjusted ratio of 0.3 versus a 0.5 median for large caps. He sets a $300 target against today’s $162 price, while Raymond James’ Brian Gesuale sees $800. The article cautions that expected growth is uncertain and that SpaceX remains expensive and risky on standard measures.
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- Is Nvidia Stock Really Trading for Just 8 Times 2030 Earnings?
Nvidia is the market's most valuable company, with a market cap above $5 trillion. It trades at 27 times adjusted trailing earnings, but only about 8 times analysts' estimate for fiscal 2030 earnings, a figure the author stresses is a moving target. Revenue growth accelerated from 56% in Q2 FY 2026 to 106% in Q2 FY 2027, though guidance points to a slight slowdown in the current quarter. The stock trades at 13 times next year's earnings, and the board recently authorized a record $150 billion in share repurchases. The author also acknowledges risks such as slower growth or contracting net margins.
- US Orders Civilian Agencies to Rip DeepSeek Out of Government Systems
The U.S. Department of Homeland Security on Monday ordered civilian federal agencies to remove DeepSeek products and third-party services built on the model from their IT systems, and to stop buying them. The notice warns that using DeepSeek may transfer sensitive data to China and could produce intelligence on U.S. persons and agencies. The Commerce Department, the Navy, and the states of New York, Tennessee and Virginia had already restricted DeepSeek. The FCC votes on October 29 on barring Chinese labs from testing electronics for U.S. use.
- Tesla-SpaceX merger is 'not so easy': Analyst
Speculation about a possible merger between SpaceX (SPCX) and Tesla (TSLA) has grown on Wall Street in recent weeks. RBC Capital Markets analyst Tom Narayan says it would not be simple: SpaceX would have to acquire Tesla, likely in an all-stock deal, and would need to pay a strong premium. He sets a $480 price target for Tesla, while the shares trade near $367. The longer-term focus may be Terafab, Elon Musk's chip initiative aimed at cutting production costs by up to 90% and bypassing Nvidia and TSMC. Musk currently controls 85% of SpaceX's voting rights and 20% of Tesla's.
- Is Nvidia (NVDA) Stock Priced Right?
Chip stocks fell sharply last week, and Nvidia (NVDA) dropped nearly 2% as investors worried that heavily indebted AI companies would face higher borrowing costs after bond yields jumped for CoreWeave, a cloud company Nvidia backs. CoreWeave shares had fallen more than 15% the day before. Nvidia's own numbers show no sign of that stress: it sold $96.2 billion of chips and systems in the quarter ended July, up 106% from a year earlier, mostly from data center sales. Its net profit margin was 63.66% over the past 12 months, and management expects $108.0 billion in revenue next quarter, assuming no data center sales to China. The key risk is whether customers can keep paying for chips if interest rates stay high, and the planned partnerships to bring over $500 billion of outside capital into AI infrastructure have not yet become definitive agreements.
- Networking Stocks Rally as Tech Rebound Lifts AI Gear Makers: Ciena and Arista Climb 4%, but Cisco Barely Moves
Networking stocks rallied with the tech rebound as suppliers of AI data center gear drew buying: Ciena (CIEN) rose 4% to $347.48 and Arista Networks (ANET) climbed 4% to $183.32, well ahead of the iShares U.S. Technology ETF (IYW) at 1.29% and the Invesco QQQ Trust (QQQ) at 1.31%, while Cisco (CSCO) was practically unchanged at $107.06. Ciena's fiscal Q3 2026 adjusted EPS was $2.11 against a $1.73 consensus, with revenue up 37% year over year to $1.67 billion, and it raised fiscal 2026 revenue guidance to $6.42 billion. Its backlog reached $8.5 billion, but supply remains the limit, and management does not expect the market to return to balance before 2028. Two customers made up 41.7% of Q3 revenue, so Ciena's growth is concentrated. The next test is whether Ciena can hit its fiscal Q4 2026 revenue guidance of $1.75 billion under tight component supply.
- Gartner Predicts “80% of Neoclouds” Out of Business by 2030: Here’s Who Wins
Gartner forecast on October 14 that more than 80% of neoclouds will stop operating independently by 2030, and CoreWeave (CRWV) fell 25% last week. The article argues that hyperscalers funding AI capacity from their own cash flow, led by Amazon and Alphabet, are likely winners as credit tightens for indebted neoclouds. Amazon generated $140 billion of operating cash flow in fiscal 2025, more than covering $132 billion of capex, while CoreWeave's total debt reached $29.8 billion. Since their July 29 closing low, Microsoft, Alphabet and Amazon are up 15.6%, compared with 1.6% for IREN, CoreWeave and Nebius. Hyperscaler earnings in the coming weeks will need to show whether sold-out capacity is turning into results.
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