On July 8, UBS analysts rated SpaceX for the first time, giving it a buy rating with a target price of $210. UBS analysts stated that Elon Musk's SpaceX has a unique business model capable of seizing opportunities in the space, communications, and artificial intelligence sectors. Scaling up the Starship launch vehicle will help SpaceX unlock the potential in these areas, with a total addressable market of nearly $30 trillion.