Cantor Fitzgerald pointed out in a report to customers last week that SpaceX signed an agreement with Google a few days before the IPO to provide each other with AI computing power and bring in $920 million in revenue; previously, Anthropic had announced that it would use the full capacity of SpaceX's Colossus 1 data center in Memphis, Tennessee; the company also has a separate computing power agreement with Reflection AI. They believe that Cantor believes that as the company proves profits from escrow computing power, clarifies sources of capital funding, and absorbs the pressure of the initial sales ban period, the performance is expected to significantly ease the current pressure. “We believe SPCX is close to the bottom before the financial report.” Based on this, they set SpaceX's price target at $246 in their report.

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