Barclays initiates coverage on SpaceX with overweight rating

Barclays has initiated coverage on SpaceX (SPCX.O) and assigned the stock an overweight rating, with a price target of $254, according to a newsflash published by ChainCatcher. The brief did not include additional details on the research note, valuation framework, or timing beyond the published update. The report only stated the rating action and the target price. No further comments from Barclays were provided in the source text.