When will SpaceX stock hit $300? Based on the most aggressive price predictions currently on Wall Street, the stock could touch that milestone within the next year if the Starship program reaches commercial scale and the company’s push into AI continues to gain momentum. The range of forecasts for SpaceX (SPCX) is among the widest seen for a recent IPO, and the debate over valuation, fueled by fresh price target updates, is driving the conversation around the $300 question.
SpaceX Valuation and IPO Performance
SpaceX listed on the Nasdaq on June 12, 2026, at $135 per share, raising $75 billion in the largest IPO on record. Shares rose as high as $225.64 within days before pulling back. As of June 19, SPCX was trading near $185, representing a 37% gain from the IPO price but remaining well below its peak. This pullback stems from profit-taking and ongoing debates regarding how the company's new AI ambitions should be valued alongside its established rocket and satellite operations.
The Wide Divide in Price Targets
The current consensus on SpaceX is unusually fractured for a newly public company. Stephens established a price target of $296 on June 16, while the Zephirin Group projected a $310 target, citing a tight float of approximately 640 million shares against demand from over 300 index funds. Arete Research analyst Andrew Beale provided the most bullish outlook on the Street, setting a target of $401 for the end of 2027 and advising clients to monitor news regarding Starship reusability and launch volume.
Oppenheimer’s Timothy Horan raised his target to $250 from $190 following SpaceX’s $60 billion acquisition of the AI coding firm Cursor, arguing that the company now controls every layer of the AI stack. Conversely, the bearish perspective remains strong. Morningstar’s Nicolas Owens maintains a fair value estimate of $63, while Keith Snyder of CFRA holds the only formal Sell rating with a $115 target. Across analysts tracked by S&P Global, the average 12-month price target is approximately $187.80, suggesting limited upside from current levels.
Catalysts and Risks
Several factors could influence the stock independently of earnings. SpaceX is expected to join the Nasdaq 100 in early July, which could trigger approximately $8 billion in forced buying from index funds. The company's first public earnings report is scheduled for September 2, 2026, where investors will focus on Starlink subscriber growth, currently the only consistently profitable segment.
Potential headwinds include the expiration of lock-up periods for pre-IPO holders this summer, which may increase selling pressure. Skepticism remains regarding the company's ability to offset the $6.36 billion operating loss recorded by xAI in 2025, particularly following the departure of all eleven co-founders by the end of March. Analysts like Myles Walton of Wolfe Research acknowledge that their bullish outlook could be invalidated if Starship underperforms or if the AI narrative proves to be driven by hype rather than fundamentals.
