With Triple Growth Engines, SpaceX Stock Is Poised to Trend Higher After a Breather

When Space Exploration Technologies (SPCX) launched its initial public offering, investor demand swelled to $250 billion in comparison to a $75 billion fundraising plan. Clearly, there is euphoria, and within a few days of listing, SPCX approached $3 trillion in valuation. A cool-off seemed very likely, and the stock has corrected meaningfully from highs to the current market valuation of about $2 trillion. 

As SPCX stock takes a breather, it’s a good time to accumulate. Recently, Oppenheimer set a price target of $250 for the stock. Timothy Horan, Oppenheimer’s tech analyst, believes that the valuation is based on the potential in the AI space. In the near term, SpaceX is likely to benefit from the $2 trillion communications market. Further, Horan opines that physical AI will be one of the “fastest-growing areas of AI over the next four to five years.” 

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This view is indicative of the point that SpaceX has tremendous growth potential. The $2 trillion market valuation is therefore not out of thin air. 

About SpaceX Stock

Founded in 2002 and headquartered in Starbase, formerly Boca Chica Village, Texas, SpaceX claims to be the only company that’s building the integrated hardware and software infrastructure of the future across space, connectivity, and AI. The company’s fundamental mission is to build systems and technologies necessary to make life multiplanetary. 

Since 2023, SpaceX has launched more than 80% of mass to orbit for the world each year with an over 99% mission success rate with Falcon rockets. The innovation-driven company also operates a high-speed, low-latency global broadband data and communications network. This network is powered by approximately 9,600 Starlink broadband and mobile satellites in Low Earth Orbit (LEO). In February 2026, the company surpassed 10 million active Starlink customers. 

With space, connectivity, and AI, SpaceX believes that the total addressable market is $5.7 trillion. Further, if enterprise applications are included, the total addressable market is $28.5 trillion. This provides SpaceX with ample headroom for growth within these three segments.

Considering the massive opportunities, SPCX stock had surged to highs of $225 after listing. However, with some profit booking, the stock has declined to current levels of about $171.