--- title: "Where Will SpaceX Stock Be in Two Years? Top Investor Weighs In" type: "News" locale: "en" url: "https://longbridge.com/en/news/296554310.md" description: "Top investor Keithen Drury predicts SpaceX stock will trade near current levels by 2028, advising against buying. He cites slim odds for achieving deep-space goals and argues that AI and connectivity growth is already priced into the $1.8 trillion valuation. While Wall Street maintains a Moderate Buy consensus with a $232.35 target, Drury believes financial performance needs time to catch up to expectations." datetime: "2026-08-21T01:22:09.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296554310.md) - [en](https://longbridge.com/en/news/296554310.md) - [zh-HK](https://longbridge.com/zh-HK/news/296554310.md) generator: "portal-rs" --- # Where Will SpaceX Stock Be in Two Years? Top Investor Weighs In **SpaceX (NASDAQ:SPCX)** stock slipped 4% on Thursday, extending a volatile period since its public debut in June. One factor weighing on shares was the company's second post-IPO lockup expiration, which made about 319 million locked-up shares eligible for trading. The expiration doesn't mean those shares were actually sold, though the additional potential supply gave investors another reason for caution. ### Summer Sale - Claim 70% Off TipRanks High conviction on SPCX? Try Tradr's SPCM or SPCG Another development may have contributed to Thursday's pullback as well. Elon Musk said today that SpaceX will likely attempt to catch the Starship upper stage within the next few months, moving the expected milestone beyond the late-August timeframe discussed during the August 4 earnings call. The later timeframe matters since catching Starship would bring SpaceX closer to full reusability, a key step toward lowering launch costs and increasing flight frequency. So, for investors taking the longer view, where could SPCX, now trading below its $135 IPO price, be two years from now? Top investor Keithen Drury, a Motley Fool contributor who ranks among the top 4% of stock experts, has offered his take on where the shares could be heading by then. While SpaceX has several operations capable of expanding substantially, Drury believes its most far-reaching space objectives remain unlikely to materialize soon. "The odds that SpaceX can achieve its space goals by 2028 are fairly slim," the investor wrote. Drury expects Starlink and AI operations to play a larger role during the next couple of years. SpaceX spent $18.4 billion on capital expenditures during its second quarter, including $15.8 billion directed toward AI compute infrastructure. Connectivity remains the company's only profitable division, while AI recorded the fastest revenue growth during that period. Looking ahead, Drury believes those areas offer a more realistic source of expansion than significant progress toward deep-space exploration. However, strong revenue growth doesn't necessarily mean SPCX will deliver equally large returns from here. SpaceX remains unprofitable, while its market capitalization stands near $1.8 trillion against projected 2026 revenue of $44.6 billion. That works out to about 41 times expected sales, leaving substantial future growth embedded in today's valuation. "SpaceX has a huge valuation to grow into over the next few years," Drury said. That valuation sits at the core of his two-year outlook for the stock. Drury expects AI and connectivity operations to continue expanding at a healthy pace, yet he believes much of that potential has been priced into SPCX. Revenue could therefore spend the coming years catching up with expectations currently reflected in the company's market value. His prediction for 2028 leaves little room for a meaningful rally from current levels. "I think SpaceX's stock will still be trading right around where it is now in 2028," Drury wrote. Rather than expecting operational progress to drive a sizable increase, the investor sees the next two years primarily giving financial performance time to support the valuation investors have assigned today. Drury takes an equally cautious position on whether investors should buy SPCX at current prices. "It's probably best to avoid it," he concluded, adding that "there are far better stocks to invest in right now." (To watch Drury's track record, click here) Wall Street is a bit more optimistic about SpaceX's prospects, with the stock earning a Moderate Buy consensus rating based on 24 Buys, 5 Holds, and 3 Sells. The average 12-month price target stands at $232.35, implying about 73% upside from the current $134 share price. 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