Starlink, the satellite internet unit of SpaceX, announced on Thursday that it will provide free internet through July 25 to customers in parts of Venezuela affected by two powerful earthquakes. The move aims to restore connectivity after damaged power and telecommunications networks left many people struggling to stay connected. The company is also working to rapidly deploy Starlink terminals to the hardest-hit areas.

Starlink stated on X that existing active customers in affected regions will automatically receive credits on their accounts. Customers who had previously canceled service will also receive credits to reactivate their connections. New customers in impacted areas who purchase a satellite kit can contact customer support after activation to receive free service through July 25. Additionally, customers whose Starlink equipment was damaged by the earthquakes can request a free replacement kit.

The announcement followed a sharp drop in internet connectivity across Venezuela on Wednesday. Internet monitoring group NetBlocks reported that magnitude 7.2 and 7.5 earthquakes disrupted parts of the country’s communications infrastructure, causing a significant decline in connectivity. Acting President Delcy Rodriguez declared a state of emergency following reports of extensive infrastructure damage.

This initiative adds to Starlink’s growing role in disaster response. The company previously deployed portable Mini kits for search-and-rescue teams and provided a month of free service to customers affected by catastrophic flooding in Texas in July 2025. In 2024, SpaceX offered free Starlink service through the end of the year to victims of Hurricanes Helene and Milton and partnered with T-Mobile US Inc. to broadcast emergency alerts directly to phones in areas with damaged networks.

Elon Musk recently highlighted Starlink’s disaster-resilience capabilities after a Caribbean telecom provider partnered with SpaceX to maintain mobile services during hurricanes and major infrastructure failures. SpaceX shares fell 0.12% at $152.81 in after-hours trading on Thursday.

SpaceX has shifted from a Wall Street favorite to a highly debated stock in less than two weeks, with analyst opinions spanning from hard Sell ratings to optimistic AI projections. Valuation has emerged as the central fault line, as investors weigh the company's current cash engine against its future orbital-compute ambitions. The stock recently experienced a $400 billion drawdown, prompting a reassessment of its premium multiple.

Bearish Outlook

CFRA’s Keith Snyder initiated coverage with a Sell rating and a $115 price target, implying substantial downside from recent IPO levels. He argues that investors are pre-paying for AI and orbital-compute businesses that are still in early stages, while Starlink remains the primary cash generator. Snyder’s sum-of-the-parts valuation suggests a fair value near $1.2 trillion, contrasting sharply with a market cap that briefly touched $2.75 trillion. He views SpaceX as a world-class franchise burdened by an over-extended multiple and heavy capital expenditure.

Susquehanna’s Mehdi Minervino adopted a more cautious stance, setting a $170 price target and advising investors to wait for a better entry point. Although he models revenue and EBITDA compound annual growth rates exceeding 80% through 2028, he fears the market has already priced in much of this growth trajectory.

Bullish Projections

On the bullish side, New Street Research’s Pierre Ferragu set a base-case target of $165 with a bull case of $330 if SpaceX successfully captures its largest opportunities. He projects 2030 revenue to reach approximately $195 billion, driven by a $127 billion AI segment. Ferragu values the platform using growth-stock peers such as Tesla Inc., Palantir Technologies Inc., and Cloudflare Inc., arguing that SpaceX’s optionality in space, data, and defense remains under-appreciated.

Oppenheimer’s Tim Horan also maintains an optimistic view with an Outperform rating and a $250 target. His thesis relies on a $25 trillion AI total addressable market and SpaceX’s vertically integrated stack spanning satellites, chips, and data. However, Horan acknowledges the significant execution risks involved in expanding simultaneously into launch, broadband, compute, and AI.

Analyst Consensus

The divergence in analyst ratings highlights the uncertainty surrounding SpaceX’s valuation. The following table summarizes the key price targets and ratings mentioned in the report:

Overall, the average price target on the Street is $178.33. While there is consensus that SpaceX possesses unique assets, the primary disagreement centers on how much of that future growth is already reflected in the current stock price. SpaceX shares were down 1.86% at $153.19 during premarket trading.