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.
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 30 days 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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