A trading expert has projected that SpaceX (NASDAQ: SPCX) stock is likely to trade near $300 in the first quarter of 2027, citing a bullish technical structure.
According to an analysis by TradingShot published on TradingView on August 20, the outlook is based on SpaceX recently breaking out of a months-long accumulation phase.
The analyst noted that the move above a key resistance zone signaled the end of the stock’s post-IPO consolidation period and the beginning of a broader expansion trend.
TradingShot’s outlook suggests SpaceX has continued to follow the post-IPO roadmap first outlined shortly after the company’s public debut.
Following its June 2026 IPO, SPCX surged to an all-time high of approximately $225 amid strong investor enthusiasm before entering a prolonged correction. The decline eventually pushed the stock close to the $100 level, creating what the analyst identified as a capitulation bottom.
Key SPCX stock price levels to watch
Over the following months, SpaceX traded within a broad $100 to $150 accumulation range as the market absorbed selling pressure from profit-taking and lock-up expirations. During that period, the $150 to $155 zone emerged as the stock’s most important resistance area.
TradingShot had previously argued that a decisive break above that range would confirm the end of the accumulation phase and signal that long-term buyers had regained control of the trend.
That scenario has now played out, with SpaceX moving above the resistance zone and turning it into support.
The breakout subsequently cleared the way for a move beyond the analyst’s first upside target of $220, placing the stock firmly within what the chart describes as a macro expansion phase.
Based on the current structure, TradingShot expects the aerospace manufacturer to reach approximately $270 by late February 2027, corresponding to the 1.236 Fibonacci extension from the previous all-time high. If bullish momentum remains intact, the stock could approach the $300 level in the first quarter of 2027.
The bullish technical setup comes as SpaceX continues to attract investor attention following its record-breaking IPO. The company priced shares at $135, raising approximately $85.7 billion and debuting with an implied valuation of roughly $1.77 trillion.
SpaceX strong earnings
While the stock experienced significant volatility after listing, recent financial results have reinforced the company’s long-term growth narrative.
For the second quarter of 2026, SpaceX reported $7.8 billion in revenue, up 92% year-over-year, while adjusted EBITDA increased 191% to $3.5 billion. The company’s Starlink connectivity business generated approximately $4.3 billion in quarterly revenue, while its AI segment expanded 247% year-over-year to about $2.6 billion.
SpaceX ended the quarter with roughly $100 billion in cash and marketable securities, giving it ample resources to fund AI infrastructure and space operations.
Investor sentiment has also been boosted by Starlink, which has grown to an estimated 12 million subscribers, double the level a year ago. The business generated more than half of SpaceX’s quarterly revenue, cementing its position as the company’s primary cash engine.
The segment received a strong endorsement from All-In Podcast co-host David Friedberg, who argued that Starlink alone could be worth $1 trillion within 18 months, citing its expanding subscriber base, recurring revenue model, and long-term cash flow potential.
The bullish outlook has also been echoed by Elon Musk, who sees AI and robotics driving future bandwidth demand.
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