Oppenheimer Begins Coverage on SpaceX (NASDAQ:SPCX)

Equities research analysts at Oppenheimer initiated coverage on shares of SpaceX (NASDAQ:SPCX) in a note issued to investors on Thursday, MarketBeat reports. The firm set an “outperform” rating on the stock.

SpaceX Stock Performance

About SpaceX

SpaceX, or Space Exploration Technologies Corp., is an American aerospace company focused on the design, manufacture and launch of advanced rockets and spacecraft. The company develops launch vehicles and space systems used for commercial, government and scientific missions, with a strong emphasis on lowering the cost of access to space through reusable rocket technology.

Founded in 2002 by Elon Musk, SpaceX has built a broad portfolio of products and services that includes the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starship development program.