SpaceX (NASDAQ: SPCX) stock price is up slightly in pre-market trading today, September 8, after Pivotal Research initiated coverage on the shares and set a $220 target. The firm bases its bullish outlook on Starship’s reusability and a $1.7 trillion opportunity for Starlink. Analyst Jeffrey Wlodarczak of Pivotal Research notes that SPCX stock price could rise by 49% and reach $220 if the company can solve the issue of Starship’s reusability. The analyst notes that reusability could make flights less expensive and enable faster redeployment.