Key Insights
- SpaceX stock has posted gains across the past four consecutive weeks.
- Elon Musk’s net wealth keeps climbing and could potentially exceed $1 trillion.
- Multiple tailwinds are positioned to support the company’s ongoing business expansion.
Trading in the $151–$152 range on Sept. 18, SPCX found itself on course for a fourth straight weekly advance as market participants homed in on the upcoming Starship test and the firm’s growing artificial intelligence compute operations. Although the shares have rebounded roughly 45% from their August trough near $104.83, they continue to trade significantly below the post-IPO peak of $225.64 hit after SpaceX made its Nasdaq debut in June.
This upward momentum comes as SpaceX scales three capital-heavy sectors at the exact same time: launch services, Starlink, and AI infrastructure. With Starship Flight 14 slated for Sept. 28 and fresh compute contracts pulling in billions in guaranteed revenue, analysts currently project that SpaceX annual sales will jump from roughly $44.8 billion in 2026 to more than $108 billion the following year.
SpaceX Stock is Rising as Tailwinds Rise
SPCX shares have performed strongly over recent sessions, and this upward trend could persist thanks to several ongoing catalysts. First up is the scheduled Sept. 28 test flight for the Starship initiative.
This mission marks the first time Starship will enter Earth’s orbit, paving the way for the deployment of Starlink V3 satellites. These new spacecraft will feature substantial upgrades in power generation, data density, and overall capacity. Furthermore, Starship is expected to serve as the transport vehicle for launching AI servers into space down the road.
Second, SpaceX shares are getting a boost from the robust performance of its AI data center division. The company recently signed an unnamed client committed to paying $1 billion a month starting this December. This new partner joins other major players like Anthropic and Google, which contribute $1.25 billion and $950 million monthly, respectively.
Revenue Growth to Supercharge
The flourishing AI segment helps explain why financial analysts remain optimistic regarding top-line growth. Morgan Stanley—which took part in the company’s IPO—estimates that SpaceX will pull in more than $3.4 trillion in revenue by 2033. Meanwhile, Elon Musk has projected revenue surpassing $3.5 trillion.
Such projections appear plausible when evaluating near-term expectations. Following annual revenues of $18 billion recorded last year, analysts project this year’s top line to surge to $44.82 billion. The most bullish forecasters believe this figure could climb to $51.2 billion or even higher.
Beyond the $44 billion-plus expected this year, analysts anticipate sales will expand past $108 billion next year. The most aggressive forecasts place next year’s revenue as high as $151 billion, positioning SpaceX among the fastest-growing corporations globally.
This sharp acceleration in revenue will supply the necessary funds to cover massive capital expenditures. The firm shelled out over $18.3 billion in capital investments during the previous quarter and intends to disburse billions more throughout the current year.
Continuous top-line expansion is the primary driver behind widespread bullish sentiment on Wall Street. Julie Zhu of Moffett Nathanson raised her price target from $131 to $142, while William Blair reaffirmed its outperform rating alongside optimistic stances from Bernstein, Oppenheimer, Pivotal Research, and Morgan Stanley.
SPCX Stock Price Technical Analysis
A look at the four-hour chart highlights the strong performance of SpaceX shares over recent weeks, having climbed from an August low of $104.60 up to the current $154 level.
The equity has carved out an ascending triangle formation, characterized by a flat upper boundary and an upward-sloping trendline. In technical analysis, this setup frequently precedes additional upside.
Additionally, SpaceX shares have stayed above the 50-period Exponential Moving Average (EMA). Consequently, the stock is positioned to maintain its upward trajectory as buyers set their sights on the psychological $200 threshold, a milestone that would further augment Elon Musk’s fortune. Conversely, a drop below the critical $140 support level would negate the bullish thesis.
This article is for informational purposes only and does not constitute financial or investment advice. Analyst targets, technical patterns and long-term revenue projections do not guarantee future stock performance.
Frequently Asked Questions
What is driving the recent rally in SpaceX stock?
The upward movement is driven by growing enthusiasm over the company’s expanding AI compute infrastructure agreements, upcoming Starship test flights, and strong performance across its launch and Starlink segments.
When is the next Starship flight scheduled?
SpaceX has scheduled Starship Flight 14 for September 28, which will mark the vehicle’s first orbital trip around Earth and pave the way for deploying Starlink V3 satellites.
How much revenue is SpaceX projected to make?
Analysts anticipate annual revenue to jump to roughly $44.82 billion this year—up from $18 billion last year—before surging past $108 billion next year. Long-term estimates from Morgan Stanley and Elon Musk project revenues exceeding $3.4 trillion and $3.5 trillion, respectively, by 2033.
What are the key technical levels for SPCX stock?
Technically, the stock has formed an ascending triangle pattern and remains above its 50-period EMA, with bulls targeting the $200 psychological milestone. A fall below the $140 support level would invalidate the current bullish outlook.