SpaceX shares advanced 3.5% to $145.62 during morning trading on Thursday, extending gains from Wednesday’s close of $140.71. The move follows upgrades from two major brokerages citing accelerating revenue prospects tied to artificial intelligence and an upcoming regulatory milestone for the company’s Starship program.
Bernstein SocGen reiterated an Outperform rating with a price target of $248, projecting SpaceX’s AI-related revenue to surge from roughly $24.6 billion in 2026 to more than $115 billion in 2027. Total company revenue could reach $150 billion next year, according to the firm’s forecast. Oppenheimer raised its target from $250 to $280, highlighting SpaceX’s vertically integrated AI platform, including data infrastructure, GPU access via a partnership with NVIDIA, and the acquisition of Cursor.
The upgrades coincide with SpaceX’s filing with the Federal Communications Commission for Starship Flight 14, scheduled for September 15. The mission is expected to mark the vehicle’s first fully orbital flight, deploying the new high-capacity Starlink V3 satellites. A successful outcome would validate plans to operate from a planned Louisiana spaceport capable of supporting over 30 Starship missions per day.
U.S. equity benchmarks advanced modestly, with the S&P 500 up 0.6%, the Dow Jones gaining 0.7%, and the Nasdaq rising 0.9%.
