In spite of the fact that Space Exploration Technologies Corp. (NASDAQ: SPCX) stock rebounded in the pre-market session on October 9, 2026, amid rumors of a possible $40 billion debt financing plan to scale up its artificial intelligence (AI) data centers, Barclays PLC (LSE: BARC) expects a bull run to a new all-time high (ATH) over the next 12 months
Barclays initiated an ‘Overweight’ rating for SpaceX stock, according to a note sent to clients on October 8 that Finbold analyzed on Friday. The bank set its 12-month SPCX price target at $254.
With SpaceX’s price trading at $167.2 at the time of writing, the multinational bank indicates a likely 51.91% upside over the next 12 months.
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This bullish outlook is based on the idea that the United States is in the “early innings of a modern-day industrial revolution.” As such, Barclays signaled a strong bullish thesis for the U.S. aerospace and defense sector.
SpaceX stock price prediction 2026
At the time of reporting, 34 Wall Street analysts surveyed by TipRanks over the past 3 months had set a 12-month SpaceX stock price target of $215.72.
The highest SpaceX stock price prediction is $450 from analyst Andrew Beale of Arete Research. On the other hand, the lowest SPCX stock price forecast is $75, issued by Glenn Thum of Phillip Securities.
SPCX stock price today
After closing three consecutive days in a selloff, SPCX stock price today signaled a potential reversal. At press time, SpaceX stock traded at $167.20, up from yesterday’s closing price of $160.57.
Consequently, this company has a market capitalization of roughly $2.1 trillion.
As SPCX stock price approaches a major resistance level around $171.66, Barclays is confident of a potential rally to a new ATH over the next 12 months.
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