Prediction: This Will Be SpaceX's Stock Price in 3 Years
If Elon Musk is right, the stock could more than double.
SpaceX, once a stock met with skepticism upon its public debut, has seen its market capitalization rise to approximately $2 trillion. This transformation is attributed to the company's rapid growth in various segments, particularly its connectivity and super intelligence divisions. Connectivity, through its Starlink broadband service, experienced a 69% growth in revenue from $3.1 billion to $5.25 billion.
Super intelligence, previously known as xAI, showed an astonishing 830% year-over-year revenue growth, reaching $7.56 billion. CEO Elon Musk has projected SpaceX's annualized recurring revenue to reach $500 billion to $1 trillion by the end of 2027. If SpaceX achieves this revenue milestone at a reasonable 10 times sales valuation, the company would be valued at around $5 trillion, or approximately 150% higher than its current market cap, suggesting a potential stock price of $375 per share.
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