Prediction: This Will Be SpaceX's Stock Price by the End of 2029
Key PointsSpaceX's biggest growth driver over the next three years will be bringing more AI infrastructure online.
By the year 2029, SpaceX's stock price could reach approximately $570, according to market analysis. The company is targeting $2 trillion in revenue by 2030, with its Starship rockets being a key factor in achieving this goal. SpaceX is working towards the ability to reuse both stages of the Starship rockets after each launch, which will increase the mass of payloads and revenue-generating launches.
The Starlink satellite broadband business is a significant revenue driver, and the company is also expanding into AI infrastructure, becoming the world's largest neocloud with up to 20 gigawatts of compute capacity by 2027. SpaceX's AI-driven Cursor platform is projected to experience substantial growth, reaching $33 billion in annual recurring revenue by the end of 2030.
If the company can successfully execute its plans, its stock price could see a significant increase, potentially reaching $570 by the end of 2029, more than trebling in value over three years.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
