Forget Wall Street Analysts: History Says SpaceX Will Reach This Price Target Within the Next Year

Published June 24, 2026 · Category: Finance

Overview

On June 12, Elon Musk's Space Exploration Technologies (SpaceX)(NASDAQ: SPCX) entered the record books as the largest initial public offering (IPO) in Wall Street's storied history. It nearly tripled the capital raise of the previous recordholder, Saudi Aramco, and made a brief run after its debut to a nearly $3 trillion market cap.

Given that SpaceX combines two of the largest addressable opportunities, artificial intelligence (AI) and the space economy, retail investor demand for shares has been otherworldly. Additionally, CEO Musk has a track record of delivering outsize returns with his other trillion-dollar company, Tesla.

Image source: Getty Images.

Details

Continue reading

Source

Originally published at www.fool.com.

Related Articles

• South Korea’s biggest chipmaker SK Hynix plans to raise $29 billion via Nasdaq listing
• SpaceX Will Swallow Nearly the Entire U.S. Economy, According to Elon Musk
• This disease is more expensive than cancer and heart disease combined. And it’s only going to get worse.