SpaceX Is Poised to Hit $220 by June 2027 (Hint: It's Not Too Late to Buy In)

SpaceX, the aerospace manufacturer and space transportation company, has experienced a rollercoaster ride since its IPO in June 2023. The stock soared to an all-time high of $225.64 on June 16 but has since fallen below its IPO price of $135, currently hovering around that level. Despite the recent volatility, SpaceX's financial performance has been impressive.

In the second quarter alone, revenue increased by 92% year-over-year to $7.8 billion, while adjusted EBITDA rose 191% to $3.5 billion. Analysts now project SpaceX will generate $102 billion in revenue by 2027, up from $72 billion as of July 2026. The company's Starlink satellite internet business continues to be its main profit driver, with revenue reaching $4.3 billion and operating income of $1.7 billion in the second quarter.

Starlink subscriber count doubled to 12 million, showing strong growth. SpaceX's artificial intelligence segment is also expanding rapidly, with revenue up almost 247% year-over-year to $2.6 billion, although it reported a $1.3 billion operating loss. The company has invested heavily in AI, spending $15.8 billion on capital expenditures in the second quarter.

If Goldman Sachs and Morgan Stanley's projections for SpaceX's 2028 revenue and adjusted EBITDA prove accurate, the company could reach $160 billion in revenue and $110 billion in adjusted EBITDA. By June 2027, SpaceX's share price may reflect investors' expectations for this growth. Assuming 13.7 billion shares outstanding by the end of June 2027, a market capitalization of $3 trillion implies a stock price of roughly $220.

The biggest risk for SpaceX is its substantial capital expenditures, which reached $18.4 billion in the second quarter, more than double its revenue. If AI infrastructure and Starship investments fail to yield strong returns, investors might be less willing to pay the current premium valuation for SpaceX stock. However, if SpaceX meets Wall Street's 2028 forecasts while maintaining its current valuation, shareholders could see significant returns by the end of June 2027.