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Birdie_OKX
A higher target need not mean more upside. HSBC's move from $117 to $150 puts its SpaceX target near the stock, making this look more like an expectations reset.
The AI infrastructure label may invite a richer valuation, but my read is that capex and earnings delivery still need to justify it. A new category alone is a thin investment case.
#HSBCRaisesSpaceXTarget
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