SpaceX bear flips to big bull because of AI business. Analyst now sees 70% gain

PhillipCapital moved its rating on the Elon Musk giant to buy from sell, with the bullishness stemming from the company’s AI business.

‘I don’t feel sorry for myself’: I’m 64 and will be renting for the rest of my life. Is that so bad? October 23, 2026
“I married a wonderful man with a good income. He left his job due to health issues and suffered a massive stroke at 53.”
Quentin Fottrell
Will Anthropic pull off a November IPO? Time is running out to file key paperwork. October 23, 2026
If market pressures keep building, Anthropic “could reasonably decide it is better to stay private and wait for a better opportunity,” one portfolio manager says.
William Gavin
Investors piled a record sum into a leveraged semiconductor ETF last week. Things didn’t work out. October 23, 2026
Traders making bullish bets on chip stocks are getting walloped this month, as renewed fears emerged about investment returns on the buildout of artificial intelligence.
Christine Idzelis
This hot AI-fueled stock has been in a rut. It just beat earnings expectations by 36%. October 23, 2026
A company beating earnings expectations by 36% and revenue expectations by 15% would usually see a postresults bump. But not for Bloom Energy, the fuel-cell maker that has flourished due to data-center demand.
Steve Goldstein
The mobile ambitions of SpaceX are hitting telecom stocks again. Here’s what the latest developments mean. October 23, 2026
Reports of Starlink’s discussions with cell-tower owners were noticed by shareholders of Verizon, AT&T and T-Mobile.
Jules Rimmer
The real test for Moderna’s cancer vaccine isn’t about beating Keytruda. It’s keeping cancer from coming back in the long term. October 23, 2026
The first Phase 3 data for a cancer vaccine has raised questions about whether the potential new treatment is needed.
Jaimy Lee
Some Republicans are opposing Trump on tariffs. Maine’s Susan Collins just got him to back down on Canadian levies. October 23, 2026
As she faces a tough midterm race, the five-term GOP senator is touting her successful lobbying effort against certain tariffs on Canada
Victor Reklaitis
Oil markets are on edge ahead of the weekend, as midterm elections near and fresh U.S. strikes on Iran are predicted October 23, 2026
Oil has climbed back to an Iran-war high and may soon go higher, if the U.S. and Israel strike Iran after their respective voters go to the polls in the coming days.
Isabel Wang
The U.S. economy is great by this measure, and the good times aren’t over. So why are Americans so sour? October 23, 2026
A once-in-a-generation investment boom has created lots of winners — but many Americans are feeling left out.
Jeffry Bartash
I want to pay off $4,500 in credit-card debt in 2 months. Is this possible? October 23, 2026
“I’m 32 years old and feel like I should know how to do this stuff by now.”
Aditi Shrikant