Rothschild & Co Redburn raised Linde's price target to $560, citing increased demand for rocket propellants as SpaceX's Starship launch cadence grows. Linde's revenue per launch is expected to rise from under $4 million in 2025 to nearly $6 million by 2028 due to higher propellant usage. SpaceX plans 140-160 launches in 2026, primarily with Falcon 9, but anticipates a shift to Starship, which burns significantly more oxygen.
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