SpaceX (NASDAQ: SPCX) stock could climb to $195 by the end of the first quarter of 2027, remaining below its post-IPO record high of approximately $ 225, according to insights from OpenAI’s ChatGPT
The outlook represents a potential upside of 36% from its latest closing price of $143.09.
SPCX stock price prediction
ChatGPT’s base-case forecast places SpaceX shares at $195 by March 31, 2027, while its bullish scenario points to $260, representing an upside of approximately 81.7%.
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Conversely, a bearish outcome could see the stock retreat to $120, or 16.1% below its latest closing price.
ChatGPT’s forecast suggests SpaceX could trade between $120 and $260 by the end of March 2027, depending on its ability to sustain revenue growth and convert its expanding operations into stronger earnings.
The base case assumes continued expansion in AI infrastructure and Starlink subscriptions, alongside improved investor confidence in profitability. The bullish scenario factored in stronger-than-expected financial performance, accelerating AI demand and a higher valuation.
Meanwhile, Starship delays, concerns over AI spending or a broader technology stock sell-off could push shares towards the $120 bearish target.
SPCX stock fundamentals
The positive outlook comes as SpaceX reports accelerating growth, particularly across its AI infrastructure and Starlink businesses.
In the third quarter of 2026, revenue reached $14.58 billion, up 161% year over year. Adjusted EBITDA climbed 306% to $8.81 billion, while operating income reached $2.79 billion, compared with a $273 million loss a year earlier.
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Net income improved to approximately $4.4 billion from a $1.1 billion loss in the third quarter of 2025. However, SpaceX reported a nine-month net loss of $413 million, highlighting the distinction between its latest quarterly performance and its broader profitability trend.
AI infrastructure was the largest revenue contributor, generating $7.56 billion in the third quarter, compared with $5.25 billion from connectivity and $1.77 billion from space operations. AI revenue rose from $813 million a year earlier, while operating income improved to $431 million from a $1.72 billion loss. Adjusted EBITDA reached $4.95 billion.
SpaceX stock risks
However, the expansion requires substantial investment, and SpaceX spent $16.44 billion on AI infrastructure capital expenditure in the third quarter, bringing the segment’s investment to roughly $40 billion in the first nine months of 2026.
Further expansion into mobile connectivity, aviation and government services could strengthen recurring revenue. AI predicts SpaceX stock price for Q1 2027
Despite these growth prospects, SpaceX’s valuation remains a concern. At $143 per share, its market capitalization stood at approximately $1.94 trillion against trailing revenue of $32.04 billion, representing a price-to-sales ratio of roughly 60.5.
Heavy investment is also weighing on cash generation. During the first nine months of 2026, operating cash flow reached $13.10 billion, while capital expenditure totalled $48.07 billion, resulting in estimated negative free cash flow of $34.97 billion.
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SpaceX nevertheless held $51.29 billion in cash and cash equivalents and $38.56 billion in marketable securities at the end of September, providing substantial liquidity to fund its expansion.
Featured image via Shutterstock
