The Zhitong Finance App learned that on Tuesday, SpaceX (SPCX.US) rose more than 2% to 175.33 US dollars, and the company's market capitalization exceeded 2.3 trillion US dollars. According to the news, Damo released a research report, maintaining SpaceX's “gain” rating and a target price of 300 US dollars. There is nearly 90% room for improvement from the closing price of 158.96 US dollars on October 2. Analyst Adam Jonas's team came up with a bigger judgment: space is becoming the ultimate place for energy conversion into intelligence in the AI era.

According to Damo, space is the ideal place to convert energy into intelligence on a large scale — it's like a “big, cold, and sunny backyard.” At a time when terrestrial data centers are facing power bottlenecks and site selection disputes, the weight of this logic is rising.

In particular, the report suggests a new phenomenon called “space washing (Space Washing).” As the anti-data center movement gradually gains momentum, more and more companies will begin to promote the benefits of space and take the computing power narrative to the sky.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.