Analysis of Ethereum's Upgrade Prospects

Written by Emily J. Thompson, Senior Investment Analyst

Source: Fool

Updated: 8 hours ago

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SPCX-3.56%

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Source: Fool

Market Correction Impact: Ethereum (ETH) has declined over 40% this year, primarily due to inflation and interest rate hike fears leading investors to sell, reflecting weakened confidence in the cryptocurrency market that may affect future investment inflows.
Technological Upgrade Progress: Ethereum is set to undergo the Glamsterdam upgrade in the second half of 2026, which is expected to further enhance network speed and security while reducing transaction fees, thereby increasing its appeal among developers and solidifying its market leadership.
Historical Upgrade Review: Ethereum completed The Merge upgrade in 2022, successfully transitioning from a proof-of-work (PoW) to a proof-of-stake (PoS) model, reducing energy consumption by over 99% and attracting over 232,000 active developers, showcasing its robust ecosystem.
Macroeconomic Environment Impact: Although future technological upgrades may enhance Ethereum's competitiveness, current economic conditions and investor concerns about interest rate hikes could suppress Ethereum's price rebound, leading to diminished confidence in smaller altcoins.

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Analyst Views on SPCX

Wall Street analysts forecast SPCX stock price to rise

0 Analyst Rating

0 Buy

0 Hold

0 Sell

Current: 191.820

Low

Averages

High

Current: 191.820

Low

Averages

High

Oppenheimer

Timothy Horan

Outperform

maintain

$190 -> $250

2026-06-18

New

Reason

Oppenheimer

Timothy Horan

Price Target

$190 -> $250

AI Analysis

2026-06-18

New

maintain

Outperform

Reason

Oppenheimer analyst Timothy Horan raised the firm's price target on SpaceX to $250 from $190 and keeps an Outperform rating on the shares as the firm raises estimates given increased visibility into the Cursor acquisition. The company owns every layer of the AI stack, giving it cost and quality advantages, the firm notes. The AI stack runs from compute to models to data and applications, with Cursor a major component of this, and Oppenheimer expects many more acquisitions. Starship is the launch moat and a NASA-funded route to a lunar supply base, the firm adds.

Arete

Andrew Beale

initiated

$401

2026-06-18

New

Reason

Arete

Andrew Beale

Price Target

$401

2026-06-18

New

initiated

Reason

Arete analyst Andrew Beale initiated coverage of SpaceX with a Buy rating and Street-high $401 price target. The company's Starlink V3 satellites open the "sizeable" suburban broadband opportunity, the analyst tells investors in a research note. The firm says SpaceX is "breaking hard engineering challenges into stepwise tasks" as it builds hardware and software for space, connectivity and AI. The price target reflects the scale of opportunities Arete's see in space.

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About SPCX

Space Exploration Technologies Corp. designs, manufactures, launches, and operates products and services built on technologies, including rockets and spacecraft. The Company's segments include Space, Connectivity, and artificial intelligence (AI). Its Space segment designs, manufactures, and launches reusable rockets to provide access to space. Its Connectivity segment operates broadband data and communications network powered by approximately 9,600 Starlink broadband and mobile satellites in Low-Earth orbit, delivering connectivity to consumer, enterprises, and government customers over 164 countries, territories, and other markets. In its AI segment, it operates a vertically integrated AI platform spanning its truth-seeking frontier model Grok, AI solutions for consumer and enterprise customers, X-its real-time information, entertainment, and free speech platform and AI computational infrastructure.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

MGX Explores Acquisition of Singapore Data Center Operator DayOne

8 hours agoNewsfilter

Acquisition Exploration: Abu Dhabi-backed AI investor MGX is considering acquiring Singapore-based data center operator DayOne, marking a significant step in its global technology expansion, with MGX working with an investment bank to prepare for the potential transaction.
IPO Plans: DayOne is planning a U.S. initial public offering targeting a valuation of $20 billion; however, MGX may be unwilling to match this price, which could impact the deal's completion, and DayOne may still opt to pursue the IPO independently.
Regional Expansion: If the deal proceeds, it would represent MGX's first acquisition in Asia, as the firm, established just over two years ago, aims to invest over $100 billion in assets across the entire AI chain, including data centers and the powerful chips that support them.
Investment Background: MGX has invested in some of the largest AI companies globally, including SpaceX's xAI and OpenAI, and has committed $30 billion to an AI infrastructure fund that includes investments in Aligned Data Centers, showcasing its strong financial backing in the rapidly evolving AI sector.

SpaceX Secures Investment-Grade Credit Ratings

1 day agostocktwits

Credit Rating Upgrade: Fitch, S&P Global, and Moody's assigned SpaceX investment-grade ratings of BBB+ and BBB, reflecting the company's strong leadership in commercial launches and solid access to capital markets.
Market Reaction: Despite SpaceX's stock surging to $225 just six days post-IPO, valuing the company near $3 trillion, shares fell 4% on Thursday due to profit-taking, indicating market concerns over high valuations.
Financial Outlook: Fitch expects SpaceX's EBITDA growth to remain within the management's leverage target of 2x-3x, supported by over $90 billion in liquidity and stable revenue from more than 12 million Starlink subscribers.
Risk Factors: All agencies highlighted concentrated governance under Elon Musk, execution risks tied to Starship development, and the unprecedented scale of AI infrastructure buildout as potential pressures on the company's credit profile, although deeply negative free cash flow is viewed as elective growth investment rather than a structural weakness.

SpaceX Raises $86 Billion in Successful IPO, Fuels Growth Potential

4 hours agoFool

Successful IPO Funding: SpaceX raised nearly $86 billion in its IPO, surpassing its initial target of $75 billion, with these funds earmarked for capital-intensive growth initiatives, thereby accelerating the company's expansion in aerospace and artificial intelligence sectors.
Market Capitalization Boost: With a market cap now exceeding $2 trillion, SpaceX is expected to raise additional capital in the future, creating more business opportunities for its suppliers, particularly as resource sharing with Tesla enhances both companies' market positions.
Focus on AI Investment: SpaceX claims a total addressable market of $28.5 trillion, with over 90% related to artificial intelligence, indicating a significant increase in spending on AI initiatives to drive advancements in autonomous driving technology, thereby enhancing its competitive edge in future markets.
Tesla's Strategic Dependence: Tesla's $2 billion investment in xAI and its merger with SpaceX highlight its reliance on SpaceX for autonomous driving capabilities, ensuring that it leverages SpaceX's AI investments to achieve its self-driving goals and maintain a competitive advantage in the emerging robotaxi market.