Morgan Stanley analyst Adam Jonas set a $600 bull-case price target for SpaceX. This valuation would make SpaceX the world's most valuable company. Jonas maintained an official overweight rating and a $300 price target.
SpaceX targets $100 billion in annual recurring revenue by the end of 2026. The company reported a 92% year-over-year revenue increase in its Q2 2026 earnings report.
Expansion of Starlink satellite internet services drives the current growth strategy. SpaceX is also scaling AI-focused data infrastructure and large compute contracts.