SPCX - DAN IVES BETS BIG ON SPACEX AS HE LEAVES WEDBUSH Dan Ives ended his eight-year tenure at Wedbush by launching coverage of SpaceX with an Outperform rating and $190 price target. He sees SpaceX evolving into a leading AI infrastructure company, driven by its launch business, Starlink, and data centers. Ives also announced plans to launch a new AI-focused merchant bank combining research, advisory, investing, and capital raising.(*Walter Bloomberg)