SpaceX Rockets Towards $400+ Per Share, Paving Way to Eclipse Nvidia, Research Firm Claims

Last updated: June 21, 2026 5:58 pm

1 month ago

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Research firm Arete Research has projected that SpaceX shares could more than double to over $400 by the end of 2027, driven by the reusability of its Starship rocket and expansion of its Starlink network. If realized, this valuation would surpass current market leader Nvidia.

Despite Arete’s bullish outlook, other analysts offer more conservative price targets, and questions remain about SpaceX’s competitive standing in AI. This ambitious forecast emerges even as the company reported significant losses in the previous year.

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New York, NY - SpaceX, the aerospace giant founded by Elon Musk, is poised for a dramatic surge in its stock value, potentially more than doubling to over $400 per share by the end of 2027, according to a bullish forecast from research firm Arete Research. This ambitious projection places SpaceX on a trajectory to potentially surpass current tech behemoth Nvidia in market capitalization.

Arete Research established a price target of $401 for SpaceX shares, citing the company's groundbreaking work in rocket reusability, the development of space-based data centers, and the expanding Starlink satellite internet constellation as key drivers of future growth. "Expect SpaceX shares to trade on Starship reusability and launch volume news," analysts at Arete wrote in a recent research note. They anticipate that Starlink and AI infrastructure will fuel a remarkable compound annual revenue growth rate of 63% leading up to 2030.

The firm's optimism hinges on the transformative potential of SpaceX's Starship program. The reusability of this super-heavy launch vehicle is seen as a significant value-add across SpaceX's diverse business segments, which span artificial intelligence, commercial rocket launches, and global satellite internet services. Arete's analysis suggests that SpaceX shares will be significantly influenced by news surrounding Starship's reusability and its launch cadence.

However, Arete's exceptionally high valuation stands in contrast to other Wall Street analysts' perspectives. Oppenheimer has set a more moderate 12-to-18-month price target of $250 for SpaceX, while investment bank Stephens has a target of $296. These figures, while still positive, reflect a more cautious outlook compared to Arete's projection.

Doubts linger regarding the immediate viability and competitive edge of SpaceX's AI endeavors. While the company's technological prowess in rocketry and satellite communications is widely acknowledged, some analysts remain skeptical about its ability to out-innovate established AI leaders such as Anthropic and OpenAI on the model development front. Myles Walton of Wolfe Research noted in a June 12th report that the nearly 30% upside he predicted at the time could be jeopardized if "Starship doesn't work" or if the company's AI initiatives are perceived as mere "hype."

The sheer scale of SpaceX's potential valuation is staggering. With a current market capitalization already exceeding $2 trillion, a move to $401 per share would propel its market cap beyond $5.2 trillion, assuming the number of outstanding shares remains constant. This would make it the largest company in the world, surpassing Nvidia's current market capitalization of approximately $4.99 billion, according to FactSet.

This remarkable potential valuation comes despite SpaceX's recent financial performance. News agency Reuters reported in April, citing The Information, that SpaceX incurred a loss of approximately $5 billion in 2025 on revenues exceeding $18.5 billion. This financial picture underscores the high-risk, high-reward nature of investing in the ambitious space exploration company.