SpaceX Stock Price Forecast — New Street-High Target Points to 430%+ Upside
Complete. Here is the key summaryRaymond James analyst Brian Gesuale assigned a Buy rating to SpaceX (SPCX) with a street-high price target of $800, implying over 430% upside. He views SpaceX as a defining 21st-century infrastructure company driven by cheaper space access and AI growth. Key catalyst is Starship, which could reduce launch costs by 99%, creating a $30 trillion market. Gesuale forecasts revenue growth from $38.5 billion to $837 billion by 2031, citing a synergistic flywheel between Falcon launches, Starlink, and Starship.
Elon Musk's SpaceX (SPCX) has received several Buy ratings from major brokerages as the company officially joins the Nasdaq-100. Notably, five-star-rated analyst Brian Gesuale at Raymond James has assigned a Buy rating with a Street-high price target of $800, implying an upside of over 430% from the current level. Gesuale described SpaceX as "one of the defining industrial infrastructure companies of the 21st century," pointing to its long-term growth potential.
4th of July Sale - 70% Off
SPCX has a long & short ETF? Explore SPCM & SPCGHere's Why Raymond James Is Bullish on SPCX
Gesuale believes SpaceX is positioned at the center of two major trends: cheaper access to space and the rapid growth of AI. He said these trends could create the biggest infrastructure shift since the rise of the internet.
Importantly, a key part of SpaceX's growth story is Starship, SpaceX's next-generation rocket. Gesuale pointed out that Starship could cut the cost of sending large amounts of cargo into orbit by more than 99% while carrying significantly more payload than current rockets. He believes that this could upgrade space launches into a more regular transportation network, similar to how railroads, shipping containers, and the internet transformed their industries.
Gesuale estimates that this opportunity could create a total addressable market of nearly $30 trillion.
SpaceX Growth Forecast
Gesuale also highlighted how SpaceX's different businesses help each other grow, calling it a "powerful infrastructure flywheel." He stated that Falcon rocket launches generate revenue that helps fund Starlink, its satellite internet business with recurring income potential. Starlink's cash flow can then support Starship, which could lower space transportation costs and unlock new opportunities across satellite networks.
Overall, the analyst expects SpaceX's revenue to grow from around $38.5 billion today to more than $837 billion by 2031, while EBITDA could rise from $17.7 billion to nearly $696 billion during the same period.
What Is SPCX's Stock Price Forecast?
SPCX stock currently carries a Strong Buy consensus rating on TipRanks. The average price target for SpaceX is $218.08, implying an upside of 46% from the current price. (See SPCX stock forecast)