Cathie Wood Predicts SpaceX Could Become First Trillion-Dollar Company Valued at $800 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
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Source: seekingalpha
- Trillion-Dollar Potential: Cathie Wood, CEO of ARK Invest, predicts SpaceX could become the first trillion-dollar company, with its latest funding round valuing it at $800 billion, highlighting its significant potential in space data centers that could circumvent 'not in my backyard' obstacles faced by other tech infrastructure projects.
- Inflation Expectations Downshift: Wood emphasizes that deflationary pressures are stronger than many analysts recognize, citing declining oil prices and housing costs, with KB Home cutting prices by 7%, which could positively impact the overall economy and lead to inflation surprises on the low side.
- Tech-Driven Innovation: ARK focuses on five platforms of technologically enabled innovation, including robotics, energy storage, artificial intelligence, blockchain technology, and multiomic sequencing, with Wood noting that unit labor costs have dramatically declined in the most recent quarter, indicating productivity gains driven by technological advancements.
- Tesla Transformation Opportunity: Despite challenges in the EV sales environment, Wood believes the market is shifting towards the robotaxi opportunity, expecting this transition to occur faster than most analysts anticipate, with software-as-a-service margins reaching 70% to 80% as Tesla pivots from hardware.
Analyst Views on KBH
Wall Street analysts forecast KBH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KBH is 64.63 USD with a low forecast of 49.00 USD and a high forecast of 83.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
2 Buy
7 Hold
1 Sell
Hold
Current: 62.240
Low
49.00
Averages
64.63
High
83.00
Current: 62.240
Low
49.00
Averages
64.63
High
83.00
About KBH
KB Home is a homebuilding company, which builds a variety of new homes, including attached and detached single-family residential homes, townhomes and condominiums, designed primarily for first-time and first move-up, as well as second move-up and active adult homebuyers. It offers homes in development communities, in urban in-fill locations and as part of mixed-use projects. The Company's segments include homebuilding and financial services. The homebuilding segment is engaged in the acquisition and development of land primarily for residential purposes. The financial services segment offers various insurance products to its homebuyers in the markets where the Company builds homes and provides title services in certain of those markets. Its financial services also provide mortgage banking services, including residential consumer mortgage loan originations, to its homebuyers indirectly through KBHS Home Loans, LLC, an unconsolidated joint venture between the Company and a third party.
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.
