When will SpaceX stock hit $300? Based on the most aggressive price prediction on Wall Street right now, the stock could touch the $300 mark within the next year if Starship reaches commercial scale and the company’s new AI push keeps gaining ground. The stock forecast for SpaceX (SPCX) spans one of the widest ranges seen for any recent IPO, and the stock valuation argument behind that gap, paired with a wave of fresh SpaceX price target updates, is what’s really driving the $300 question.
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SpaceX Stock Forecast, Valuation, Price Targets & Path To $300
Price And Valuation Right Now
SpaceX listed on the Nasdaq on June 12, 2026, at $135 a share, raising $75 billion in the largest IPO on record. Shares climbed as high as $225.64 within days, before investors gave back some of that gain. As of June 19, SPCX was trading near $185, still up about 37% from its IPO price but well off its high. Profit-taking and growing questions over the SpaceX stock valuation, built around the company’s new AI ambitions on top of its rocket and satellite businesses, drove the pullback.
The SpaceX Price Target Split, From $63 To $401
The SpaceX stock price prediction picture right now is unusually split for a company barely a week into public trading. Stephens set a price target of $296, just shy of $300, in a note to clients dated June 16. Zephirin Group went further with a $310 target, pointing to a tight float of only around 640 million tradeable shares against demand from more than 300 index funds. Arete Research’s Andrew Beale set the highest target on the Street at $401 for the end of 2027, telling clients to “expect SpaceX shares to trade on Starship reusability and launch volume news.”
Oppenheimer’s Timothy Horan raised his target to $250 from $190 after SpaceX agreed to buy AI coding company Cursor for $60 billion. Horan argues SpaceX now “owns every layer of the AI stack, giving it cost and quality advantages,” spanning compute, models, data, and applications.
The bearish end of the stock forecast looks very different. Morningstar’s Nicolas Owens has a fair value estimate of just $63, saying SpaceX’s share price will likely “survive separation and may even ascend, at least for a time” before fundamentals catch up. CFRA’s Keith Snyder carries the only formal Sell rating on the stock, with a $115 target. Across the analysts tracked by S&P Global, the average 12-month SpaceX price target sits around $187.80, barely above where the stock trades today.
What Could Push Or Hold Back The Move To $300
A couple of catalysts could move the needle independent of earnings. SpaceX is expected to join the Nasdaq 100 in early July, after Nasdaq’s fast-track rule let large IPOs enter within roughly 15 trading days of listing. That inclusion, according to BNP Paribas estimates, could generate close to $8 billion in forced index-fund buying within the first month, regardless of what the fundamentals say. The company’s first earnings report as a public company is scheduled for September 2, 2026, and investors will be watching Starlink subscriber growth closely, since the satellite broadband unit remains the only consistently profitable part of the business.
On the other side, pre-IPO holders will be able to sell a wave of shares this summer, and that supply could weigh on the stock just as the company reports its first results. Morningstar’s caution reflects real skepticism over whether SpaceX can turn around xAI’s $6.36 billion 2025 operating loss quickly enough, especially after all eleven of its co-founders left the company by the end of March. Wolfe Research’s Myles Walton has noted that his own bullish call could be wrong if Starship underperforms or the AI story turns out to be hype, a concern several analysts who haven’t matched Oppenheimer, Zephirin, or Arete’s enthusiasm share.
For now, the SpaceX stock forecast stays split between a $63 floor and a $401 ceiling, and the answer to when will SpaceX stock hit $300 depends almost entirely on which side of that gap turns out to be right once reports its first set of public earnings in September.
