Analysts See Nearly 100% Upside for SpaceX Stock

Analysts raised price targets for SpaceX this week, with Oppenheimer lifting its target to $280 from $250 and Bernstein maintaining a $248 target. Both firms kept Outperform ratings. The revised targets imply roughly 100% upside from the stock’s trading price near $139.

SpaceX shares fell 1.6% on Wednesday after closing about 1% lower on Tuesday, extending a recent pullback even as major U.S. indexes moved higher. The S&P 500 rose 0.5%, the Nasdaq gained 0.4% and the Dow added about 390 points. Elevated bond yields and higher oil prices have put pressure on stocks in recent sessions.

Oppenheimer raised its long-term view of SpaceX, citing the company’s vertically integrated artificial intelligence platform and access to GPUs through a partnership with Nvidia. The firm highlighted SpaceX’s data assets, capital resources and fast infrastructure build capability. Oppenheimer noted the acquisition of Cursor as a boost to the company’s agentic coding data and logic and flagged expected improvements from upcoming Grok model releases, including Grok 5.0. The brokerage raised its long-term revenue estimates by about 10% on stronger AI compute pricing and said higher capital spending could lift that increase to roughly 20%.

Bernstein reiterated an Outperform rating and kept its $248 target. Analyst Douglas Harned projected AI revenue could rise from $24.6 billion in 2026 to $115.1 billion in 2027. Bernstein estimated total revenue of $46.4 billion in 2026 growing to $150.4 billion in 2027, with AI accounting for most of the increase. The firm also included a longer-term scenario tied to orbital data centers, which depends on expanded launch capacity.

Plans tied to that thesis include a proposed Starbase Louisiana site covering about 125,000 acres, with construction expected to begin in 2027 and the first Starship launch targeted for 2029. The site is planned to include at least 10 launchpads and eventually support more than 30 Starship flights per day, according to the estimate. Analysts framed those launch plans as part of SpaceX’s infrastructure buildout to support large-scale orbital computing and data services.