SpaceX shares climbed 3.5% in morning trading on Thursday, lifting the stock to an intraday high of $146.06 from Wednesday’s close of $140.71.
The advance came as analysts at Bernstein SocGen reiterated an Outperform rating with a $248 price target, citing expectations that SpaceX’s AI-related revenue could expand from approximately $24.6 billion in 2026 to more than $115 billion by 2027. Overall company revenue is projected to reach $150 billion in 2027, according to the firm.
Oppenheimer raised its price target to $280 from $250, citing SpaceX’s vertically integrated AI platform, which combines data infrastructure, GPU access via its partnership with NVIDIA, and the completed Cursor acquisition to enhance the Grok AI ecosystem.
SpaceX also advanced operational plans, with the company filing a notice with the FCC targeting September 15 for Starship Flight 14. The mission is expected to be the first fully orbital flight of the Starship vehicle and is designed to deploy new high-capacity Starlink V3 satellites. The company’s Louisiana spacebase is being developed to support a launch cadence of more than 30 Starship missions per day once operational.
Broader equity markets rose alongside SpaceX, with the S&P 500 up 0.6%, the Dow Jones gaining 0.7%, and the Nasdaq advancing 0.9%.
