SpaceX Stock Is Back Above $150. Here’s Where The Stock Could Be by the End of 2027
Key PointsSpaceX has been volatile since becoming a publicly traded corporation.
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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