If you invested $1,000 in SpaceX (NASDAQ: SPCX) stock a month ago, you would now be holding about $1,165, reflecting the space company’s gain of about 16% in the same period.
Specifically, SpaceX shares have climbed from around $115 on July 22 to $134 by press time, August 21, bringing the total gain per share to approximately $19.
Consequently, the hypothetical $1,000 investment would have generated more or less $165 in profits in the one-month period.
Looking further back, the progress on the monthly chart shows just how volatile SpaceX has been since it went public at $135 per share on June 12. Indeed, at the debut, the company raised $85.7 billion in what was the largest initial public offering (IPO) on record, reaching about $1.77 trillion in market capitalization.
Thanks to the explosive launch, SPCX shares surged to a record high of more or less $225 in a matter of days, pushing the market value above $2 trillion. However, shares soon fell below the IPO price, eventually hitting a low near $105 in early August.
Thus, if you invested earlier, you would have suffered some notable losses. For example, if you invested $1,000 two months ago, on June 22, when SPCX was priced at $154, your investment would be worth about $870 – a roughly 13% loss of $129.
Will SpaceX stock rally again?
Despite the volatility, some Wall Street analysts remain bullish on Elon Musk’s company. For example, Morgan Stanley analyst Adam Jonas expects the stock to rebound and reach a new all-time high over the next 12 months.
Jonas maintained a ‘Buy’ rating on SpaceX and reiterated his 12-month price target of ‘$300’ on August 20. Based on the current price, the target implies potential upside of 123%.
The bullish outlook centers on Grok Bot, which Jones believes could be an important early step toward a broader enterprise platform that combines artificial intelligence (AI), real-time data, and low-cost, scalable computing.
Morgan Stanley also believes that the market is undervaluing SpaceXAI by viewing it primarily as a successful neocloud, i.e., a specialized cloud provider focused on AI and high-performance computing workloads, instead of recognizing its broader growth potential.
Ultimately, the broader analyst consensus remains optimistic. According to data from TipRanks, 32 analysts have assigned SpaceX an average 12-month price target of $232.35, implying potential upside of roughly 73%.
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