Revenue And Engineering RisksThe price target of $4.50 reflects encouragement for future operations but also acknowledges the risks associated with a lack of revenue and softer, engineering related catalysts until 2H26.
Risk Of Unexpected ChallengesUnexpected obstacles are common in aerospace programs and SPCE's ability to nimbly adapt to protect the critical path timeline for commercial service is a key investor focus.
Supplier DependenciesSPCE relies on external suppliers to fabricate their spaceship fuselage, wings and feathering.