Analysts cite AI compute deals and Starlink expansion as key drivers for SpaceX’s potential stock surge.
SpaceX (NASDAQ: SPCX) shares, currently trading near $149, are projected to reach $220 by the end of 2026. The stock remains above its $135 IPO price but is down 34% from its post-IPO high of $225.60, reflecting investor focus on long-term growth catalysts.
Revenue grew 33% year over year to $18.7 billion in 2025, though the company posted a $4.9 billion net loss after merging with xAI. Starlink, with 10.3 million users and 9,600 satellites, remains the primary revenue driver, while AI infrastructure emerges as a new growth engine.
SpaceX secured $26 billion in annual AI compute deals, including a $920 million monthly contract with Alphabet starting in 2026. Anthropic also signed a major compute-access agreement, bolstering revenue projections.