SpaceX Stock Seen Reclaiming $190 by Year-End on AI and Starlink Growth

SpaceX shares closed near $151.85 as of September 21, and one analysis argues the stock could climb back to $190 by the end of 2026, a roughly 25% gain, as the company's fast-growing satellite and AI infrastructure businesses expand. That target would value the company near $2.58 trillion given its roughly 13.57 billion shares outstanding following the Cursor acquisition.

The bullish case rests largely on AI: the 2026 AI revenue estimate has jumped from $38 billion in June to $67 billion in September, with second-quarter AI revenue surging 247% year over year to $2.6 billion and AI segment profitability swinging from a $276 million loss to a $1.15 billion profit. Starlink connectivity added $4.29 billion in second-quarter revenue, and the company disclosed $14.1 billion in contracted cloud service sales.

Reaching $190 would still require 2027 revenue near $136 billion, about 25% above the current consensus of $108.3 billion, meaning the stock's path higher depends on continued upward revisions to AI and cloud estimates over the remaining months of the year.