Stock Market Today, Oct. 23: SpaceX Achieves Rare Double Upgrade to Buy on AI Growth

SpaceX received a rare double upgrade from Phillip Securities analyst Glenn Thum, who raised the price target from $75 to $250 per share, implying over 70% upside. The upgrade was driven by SpaceX's strong Q3 earnings, with its Super Intelligence (SI) division generating $7.6 billion in sales, up from $813 million year-over-year. Additionally, SpaceX is negotiating tower leases for 80,000 U.S. cell sites to expand its wireless mobile business, causing telecom stocks to decline.