In a report to customers on Friday, Bernstein called Starship the most central element for SpaceX to justify its valuation. In addition, the report also listed three other key issues the company needed to address: semiconductor availability, regulatory processes, and computing power. According to the report, in the process of building an orbital data center, SpaceX needs to equip its data center satellites with a large number of processors, and each launch of a starship requires approval from the Federal Aviation Administration. Furthermore, as the company sought to become a leader in the AI field after merging with Musk's xAI in February of this year, it must continue to build computational capabilities in a resource-limited environment. Despite this, Bernstein's analysts recommended buying the stock and gave a target price of $239 before Tuesday's earnings report. “We don't think the quarterly results are significant,” the analyst wrote. “What matters is the level of confidence shown by management in the company's growth path.”

In a report to customers on Friday, Bernstein called Starship the most central element for SpaceX to justify its valuation. In addition, the report also listed three other key issues the company needed to address: semiconductor availability, regulatory processes, and computing power. According to the report, in the process of building an orbital data center, SpaceX needs to equip its data center satellites with a large number of processors, and each launch of a starship requires approval from the Federal Aviation Administration. Furthermore, as the company sought to become a leader in the AI field after merging with Musk's xAI in February of this year, it must continue to build computational capabilities in a resource-limited environment. Despite this, Bernstein's analysts recommended buying the stock and gave a target price of $239 before Tuesday's earnings report. “We don't think the quarterly results are significant,” the analyst wrote. “What matters is the level of confidence shown by management in the company's growth path.”