SpaceX (SPCX) stock is trending higher in Tuesday’s premarket trading as investors look ahead to another key lock-up expiration. The stock has gained more than 26% over the past month. Another 319 million SpaceX shares are set to become eligible for trading on September 9, followed by another 59 million shares on September 10. The unlock will give existing shareholders the option to sell, but it does not mean all 319 million shares will hit the market.
Wall Street still sees significant upside, with an average price target of $231.11, implying 56% upside. Here’s what analysts expect for SpaceX stock as the third batch of shares becomes available.
Latest Analysts’ Views on SPCX Stock
In a new report today, Pivotal Research analyst Jeffrey Wlodarczak initiated a Buy rating on SPCX and a $220 price target. The new price target indicates about 49% upside from current levels. He believes Starship’s ability to fly repeatedly at a low cost could be a major driver of SpaceX’s value. He believes Starship’s reusability is also a key factor supporting the company’s roughly $2 trillion valuation.
Wlodarczak sees Starship’s reusability as the main factor supporting SpaceX’s roughly $2 trillion valuation. He expects each Starship to eventually make 20 to 50 flights, with quick and low-cost refurbishment between launches. “Our $220 target is a call on reuse 20–50 flights per vehicle, cheap refurb, fast turnaround,” Wlodarczak said. If SpaceX achieves that, he believes the rest of the opportunity can develop. If not, he sees SPCX as a “much smaller company.”
Likewise, Wells Fargo analyst Ken Gawrelski lowered his price target on SPCX today to $212 from $215 while maintaining a Buy rating. Gawrelski believes investors should take SpaceX’s plans to enter the U.S. wireless market seriously. He expects SpaceX to build its network with relatively low spending on physical assets, using its existing spectrum and partnerships with cable companies and tower operators.
Meanwhile, Oppenheimer analyst Timothy Horan recently maintained his Buy rating, while raising his price target to $280 from $250, implying 89% upside. The five-star analyst expects stronger AI usage and improving computing economics to increase SpaceX’s long-term revenue potential.
SpaceX’s internet business, Starlink, remains another growth engine for the company. SpaceX’s reusable-rocket technology and increasing defense exposure could support its core space business. The transition toward Starship could also eventually improve launch economics and capacity.
Is SpaceX a Good Stock to Buy?
On TipRanks, SPCX has a Moderate Buy consensus rating based on 25 Buys, five Holds, and three Sell ratings. The average SpaceX price target of $231.11 implies 56.21% upside potential from current levels.
