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SpaceX shares rise, discussions with TSMC underway, and analyst maintains buy rating

The Motley Fool +1 ·

TSM Taiwan Semiconductor Manufacturing ADR
$482.30 -0.72%
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SPCX +0.49%
  1. 1SpaceX shares rose 6.4% in early trading.
  2. 2Morgan Stanley analyst Adam Jonas reaffirmed a $300 price target for SpaceX and maintained an overweight (buy) rating.
  3. 3CEO Elon Musk confirmed that discussions with TSMC are ongoing.

So what's the key point?

SpaceX shares rose 6.4% to show an upward trend. Experts are recommending buying more of the stock, suggesting it will rise further.

Source The Motley Fool +1 · View original ↗

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