Wall Street, investors split on SpaceX stock

By the Editorial Team · Wednesday, July 8, 2026

SpaceX shares have fluctuated since their June 12 IPO, currently trading around $152, with major banks maintaining buy recommendations and expecting the stock to exceed $200 within 12 to 18 months. Analysts highlight SpaceX’s dominance in orbital launches, successful Falcon 9 operations, and growth potential from its Starship rocket and Starlink services as key drivers for its optimistic outlook.

Shares of Space Exploration Technologies Corp. (SpaceX) have experienced volatility since the company’s initial public offering on June 12, trading currently near $152, slightly above its IPO price but below the early peak of over $200 reached in its first week. Despite this, major Wall Street banks that underwrote the offering remain bullish, issuing research notes recommending the stock as a buy and projecting it could trade above $200 within 12 to 18 months.

Analysts point to SpaceX’s strong position in the space transportation and infrastructure market as the foundation for their optimism. The company’s fleet of reusable Falcon 9 rockets has completed approximately 670 orbital launches since 2023 with a near 99 percent success rate, securing it a dominant share of payload deliveries to Earth’s orbit. SpaceX has captured most of the orbital launch market in recent years, becoming integral to satellite deployment and cargo transport.

Beyond Falcon 9, investors and industry experts are closely watching SpaceX’s development of the Starship rocket, a significantly larger vehicle designed to carry heavier payloads, including large-scale data centers, into space. This next-generation vehicle is viewed as crucial for the company’s ambitions to support deep space exploration and expand its commercial space services.

Additionally, the company’s Starlink satellite internet network currently contributes the majority of its revenue. Analysts expect advancements in artificial intelligence to enhance SpaceX’s satellite technology, potentially boosting connectivity and data services offered through the constellation.

Despite the stock’s initial price setbacks, one prominent investment bank forecasted a target price of $225 by the end of 2027, citing SpaceX’s competitive advantages and operational track record. They noted that the company’s ability to reuse rockets effectively lowers launch costs and improves the scalability of its business model.

While investor enthusiasm remains divided in the short term, the consensus among underwriters and market strategists centers on SpaceX’s long-term growth prospects in both commercial spaceflight and satellite technologies. The company’s unique position at the intersection of orbital launches, satellite internet infrastructure, and ambitions toward interplanetary missions underpins this confidence.

This article was reported by synthesizing coverage from multiple independent news outlets to present a balanced, unbiased account. Read about our editorial standards. Spotted an error? Let us know.