SPXE.TO is trading at CA$10.00 (+3.20%) after Pivotal Research initiated SpaceX coverage with a Buy rating and $220 price target, implying substantial upside.
- The move appears SpaceX-specific: SPXE invests its assets in SpaceX and uses leverage, making it highly sensitive to SPCX price changes.
- Broader markets were weaker, while rising oil and Canada-U.S. tariff tensions created a less supportive backdrop.