Finbold reports Wall Street sees upside in SpaceX by 2027

Analyst forecasts and upgrades

Finbold reports that SpaceX, trading on Nasdaq under SPCX, has lost momentum since its public listing, yet Wall Street analysts remain optimistic about its 2027 stock outlook. The article says the main support for that view is rising demand tied to AI infrastructure, computing needs, and the company’s connectivity business. On October 26, Bernstein lifted its 12-month price target from $248 to $268 and kept an Outperform rating, a change it said implied about 80% upside from the share price at that time.

AI capacity and revenue expectations

According to Finbold, Bernstein’s more positive view was driven mainly by expectations for larger AI infrastructure plans. The analysts increased their forecast for SpaceX’s computing capacity by 5 gigawatts and now expect 13 GW by the end of 2027. Finbold also says Bernstein cited strong enterprise and government connectivity performance, which it used to support a projected 2027 revenue run rate between $500 billion and $1 trillion.

Phillip Securities and earnings outlook

Finbold says Phillip Securities followed with an upgrade on October 23, moving SpaceX from Sell to Buy and raising its SPCX share forecast from $75 to $250. That was described as a gain of about 233% from the earlier forecast. The note assumed demand for computing capacity is rising faster than supply. It also said SpaceX may be able to renew contracts at higher prices per watt, which could help revenue grow further next year. Finbold adds that the firm raised its fiscal 2027 revenue forecast by 201% to $132 billion and said the added computing capacity would pay for itself in less than a year.

Share price, consensus, and risks

Finbold reports that SpaceX last closed at $136, which was slightly below its $135 IPO price and about 20% below its record high. The company also reported third-quarter revenue growth of 161% year over year to $14.6 billion, and its annualized revenue run rate is now about $58.5 billion. Analyst consensus estimates cited by Finbold point to roughly $180.37 billion in fiscal 2027 revenue and earnings per share of $4.03, equal to about 33 times projected earnings at the current price. TipRanks data cited in the article says the Wall Street consensus sees the stock reaching $250 in 2027, or about 80% upside.

Open questions and uncertainties

Finbold says the outlook still carries major risks. One is whether SpaceX can increase Starship launch frequency quickly enough. Another is the scale of AI infrastructure spending, which the article says brings execution and financing risks across the industry. The article also mentions a possible combination with Tesla, but says there is no confirmed merger agreement and that any deal could face regulatory review and other uncertainties. Finbold says the 2027 share price will likely depend on whether SpaceX’s AI computing expansion turns into revenue, and notes that more conservative valuation views leave substantial uncertainty.