Bank of America Securities added SpaceX to its US 1 List on Tuesday, naming the Elon Musk-led company one of its top investment ideas. The list highlights stocks the bank’s equity research analysts favor for long-term performance.
Analysts pointed to SpaceX’s businesses in satellite internet, space launches and artificial intelligence. They also cited the company’s potential expansion into mobile service through a nationwide network.
Fox Corp. was also added to the list, while RenaissanceRe Holdings was removed.