{"text":[[{"start":8.55,"text":"SpaceX has secured buy ratings or the equivalent from a swath of Wall Street stock brokerages, lending further support to Elon Musk’s newly floated AI and rocket company."}],[{"start":19.950000000000003,"text":"Banks including Goldman Sachs, UBS and Morgan Stanley issued bullish recommendations for SpaceX’s stock on Tuesday, their first day of coverage following the end of the quiet period for banks that underwrote SpaceX’s mammoth initial public offering last month. "}],[{"start":35.650000000000006,"text":"The ratings are used by investors to help inform their stock purchases, and come after the shares shot up from their IPO price of $135 to as high as $225 before falling back to close at around $160 on Monday. On Tuesday they were down 1.5 per cent at $158 in pre-market trading."}],[{"start":56.800000000000004,"text":"Morgan Stanley rated the shares as “overweight/attractive” and gave the stock a $300 price target, while Bernstein had an “outperform” rating and a $239 target."}],[{"start":68.5,"text":"UBS said the $2tn company had “an unparalleled set of assets” in its reusable rockets and constellation of Starlink satellites, initiating its coverage with a buy rating and a 12-month target price of $210."}],[{"start":83.55,"text":"The Swiss bank said advances in chatbot Grok and SpaceX’s acquisition of AI coding start-up Cursor were “poised to narrow the gap” between SpaceX and frontier labs OpenAI and Anthropic."}],[{"start":96.3,"text":"The ratings came as SpaceX on Tuesday joined the Nasdaq 100, forcing tracker funds tied to the index of largely tech stocks to buy the stock."}],[{"start":106.14999999999999,"text":"Companies usually have to wait up to a year after listing to gain entry into major indices, whose make-up is tracked by funds with trillions of dollars under management. But SpaceX was able to secure early entry from groups including Nasdaq, FTSE Russell and MSCI."}],[{"start":129.85,"text":""}]],"url":"https://audio.ftcn.net.cn/album/a_1783423075_1706.mp3"}