SpaceX Stock Is Back Above $150. Here’s Where The Stock Could Be by the End of 2027
Can SpaceX beat the market over the next year?
SpaceX, the aerospace manufacturer and space transportation services company, has experienced significant stock volatility since its IPO on June 12. The company's shares opened at $150 and have since fluctuated between $104 and $200, with its current price at $151, just above its IPO price. Despite the short-term fluctuations, there are strong reasons to believe in SpaceX's potential for future growth.
In the second quarter, SpaceX's revenue surged 92% year-over-year to $7.8 billion, marking a notable increase. However, the company remains unprofitable, having posted a net loss of $541 million, or $0.09 per share, in the same period. Yet, analysts remain optimistic about SpaceX's prospects. On average, they forecast the company to report a net loss per share (EPS) of $0.15 in the third quarter and $0.45 in the fourth quarter, leading to a full-year EPS of $0.12.
This positive outlook could potentially see the stock price soar to $1.75 by the end of 2027, according to average consensus estimates.
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