{"id":64376,"date":"2026-07-07T12:08:18","date_gmt":"2026-07-07T16:08:18","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-alert-spacex-receives-street-high-800-target-airbus-unveils-hydrogen-jv\/64376\/"},"modified":"2026-07-07T12:08:18","modified_gmt":"2026-07-07T16:08:18","slug":"market-alert-spacex-receives-street-high-800-target-airbus-unveils-hydrogen-jv","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-alert-spacex-receives-street-high-800-target-airbus-unveils-hydrogen-jv\/64376\/","title":{"rendered":"Market Alert: SpaceX Receives Street-High $800 Target; Airbus Unveils Hydrogen JV"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>SpaceX (<a href=\"\/stock\/SPCX\">SPCX<\/a>) receives a &quot;Strong Buy&quot; initiation from Raymond James with a Street-high $800 price target, implying nearly 400% upside.<\/strong><\/li>\n<li><strong>Airbus (<a href=\"\/stock\/AIR\">AIR<\/a>) and MTU Aero Engines (<a href=\"\/stock\/MTX\">MTX<\/a>) announce a joint venture to develop a fully electric hydrogen fuel cell engine, targeting 2027 operations.<\/strong><\/li>\n<li><strong>Canada pledges a new $900 million military aid package to Ukraine, focusing on air defense and the establishment of a new multilateral defense bank.<\/strong><\/li>\n<li><strong>U.S. forces intercepted multiple Iranian drones in the Strait of Hormuz following alleged IRGC attacks on commercial shipping.<\/strong><\/li>\n<\/ul>\n<h2>SpaceX Valuation Soars as Quiet Period Ends<\/h2>\n<p>Wall Street analysts have unleashed a wave of bullish coverage on <strong>SpaceX (<a href=\"\/stock\/SPCX\">SPCX<\/a>)<\/strong> following the expiration of the post-IPO quiet period. Most notably, <strong>Raymond James<\/strong> analyst <strong>Brian Gesuale<\/strong> initiated coverage with a <strong>Strong Buy<\/strong> rating and a price target of <strong>$800 per share<\/strong>. This target is the highest on the Street, suggesting the stock could quintuple from its current trading level of approximately <strong>$160<\/strong>.<\/p>\n<p>Gesuale characterized <strong>SpaceX<\/strong> as a &quot;defining industrial infrastructure company of the 21st century,&quot; comparing its impact to the advent of the internet and the railroad. The analyst highlighted the commercialization of <strong>Starship<\/strong> as a core catalyst that could reduce orbital launch costs by over 99%. Other major firms, including <strong>Goldman Sachs<\/strong> and <strong>Morgan Stanley<\/strong>, also issued &quot;Buy&quot; equivalent ratings, though with more conservative targets ranging from <strong>$205<\/strong> to <strong>$300<\/strong>.<\/p>\n<h2>Airbus and MTU Partner for Hydrogen Aviation<\/h2>\n<p>In a major step toward decarbonizing the aerospace sector, <strong>Airbus (<a href=\"\/stock\/AIR\">AIR<\/a>)<\/strong> and <strong>MTU Aero Engines (<a href=\"\/stock\/MTX\">MTX<\/a>)<\/strong> have signed a non-binding agreement to create a joint venture. The new entity will focus on developing and commercializing a <strong>fully electric hydrogen fuel cell engine<\/strong>. This partnership follows a 2025 Memorandum of Understanding and aims to begin formal operations in <strong>2027<\/strong>.<\/p>\n<p>The venture will combine <strong>Airbus&#39;s<\/strong> expertise in liquid hydrogen and aircraft integration with <strong>MTU&#39;s<\/strong> leadership in fuel cell technology and engine certification. The goal is to support the <strong>ZEROe<\/strong> ambition of bringing a hydrogen-powered commercial aircraft to market. The agreement remains subject to regulatory approvals and social processes at both European and national levels.<\/p>\n<h2>Canada Strengthens Ukraine Support and Defense Finance<\/h2>\n<p>During a meeting at the NATO summit in Ankara, Canadian Prime Minister <strong>Mark Carney<\/strong> announced a new <strong>$900 million<\/strong> support package for Ukraine. The package is heavily focused on <strong>air defense systems<\/strong>, ammunition, and military vehicles to counter ongoing Russian ballistic missile strikes. Additionally, the two nations are preparing a &quot;Drone Deal&quot; to build a new security system based on battle-tested technologies.<\/p>\n<p>A significant geopolitical development also emerged with the formal support for the Canada-led <strong>Defence, Security and Resilience Bank (DSRB)<\/strong>. Eight countries\u2014including <strong>Ukraine<\/strong>, <strong>Turkey<\/strong>, and <strong>Belgium<\/strong>\u2014have joined as founding members. The multilateral institution, to be headquartered in Canada, aims to mobilize private capital and provide low-cost financing for defense projects, with a target of raising up to <strong>$133 billion<\/strong>.<\/p>\n<h2>Escalation in the Strait of Hormuz<\/h2>\n<p>Tensions in the Middle East spiked Tuesday as reports from <strong>Al Hadath<\/strong> indicated that U.S. forces intercepted several Iranian drones launched by the <strong>Islamic Revolutionary Guard Corps (IRGC)<\/strong>. The drones were allegedly targeting commercial shipping in the <strong>Strait of Hormuz<\/strong>. This marks a significant escalation, with at least three commercial vessels reportedly targeted in recent maneuvers.<\/p>\n<p>The <strong>U.S. Central Command (CENTCOM)<\/strong> has remained vigilant, previously striking Iranian radar sites in response to similar threats. The latest incidents come amid a fragile regional security environment and have prompted calls from the <strong>Gulf Cooperation Council (GCC)<\/strong> for a firm international stance against maritime aggression. Navigation through the strategic waterway remains open, though risks to global trade corridors persist.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways SpaceX (SPCX) receives a &quot;Strong Buy&quot; initiation from Raymond James with a Street-high $800 price target, implying nearly 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