Despite a 32% post-IPO slide, SpaceX maintains strong analyst backing with a 46% upside target as the company scales its AI and Starlink divisions toward a $100 billion revenue goal.
Despite a 32% drawdown from IPO, 28 of 35 analysts maintain Buy ratings with a consensus target implying 46% upside, and Morgan Stanley sees it as attractively valued.
Rocket Lab is mentioned as SpaceX's closest public peer, trading down 15% over the past month but up 37% over one year, with a Buy-skewed analyst coverage.
SpaceX (SPCX) shares have retreated 32% from their IPO price, yet 28 of 35 analysts maintain Buy ratings, citing a 46% implied upside. While the stock faces volatility from a thin float and heavy AI-related capital expenditure, management is targeting a $100 billion annualized revenue run rate by December, driven by rapid growth in its AI segment and Starlink subscriber expansion.
The stock has faced pressure from a thin public float, concerns over heavy capital expenditure on AI compute, and market volatility following its earnings report and share unlock events.