As Space Exploration Technologies Corp. (NASDAQ: SPCX) stock traded above its initial public offering (IPO) price for the past 30 consecutive days through September 21, 2026, Adam Jonas, a Wall Street analyst at Morgan Stanley (NYSE: MS), expects a rally towards a new all-time high (ATH) over the next 12 months.
Jonas reiterated a ‘Buy’ rating for SpaceX stock, according to a note sent to clients on Sunday. The expert also maintained a 12-month price target of $300 for SPCX.
With SPCX trading at $154.35 in Monday’s pre-market, this analyst signals a potential 94.36% upside over the next 12 months. Morgan Stanley reaffirmed an ‘Overweight’ rating for SpaceX since it now runs an ecosystem spanning planetary infrastructure, satellite connectivity, and artificial intelligence (AI) compute.
He added that SpaceX has benefited greatly from capitalizing on deep physical AI synergies with Tesla Inc. (NASDAQ: TSLA). Specifically, SpaceX has integrated high-density compute, real-time telemetry, and autonomous execution into a single closed-loop ecosystem.
Furthermore, Jonas believes that SpaceX has a reliable competitive edge, since it optimizes total intelligence cost per watt. Notably, this company combines orbital networking, custom hardware, and ground-level power systems to scale frontier AI models far more efficiently.
Is SpaceX a good stock to buy?
At the time of writing, 34 Wall Street analysts surveyed by TipRanks over the past 3 months have set an average rating of ‘Moderate Buy’. Additionally, these analysts have set an average 12-month price target of $232.07, thereby suggesting a possible 50.35% gain.
The highest SpaceX stock price prediction from these analysts is $800, while the lowest is $75.
SPCX stock price performance
Since its IPO, SPCX’s price has gained 13.12%, closing Friday, September 18, trading at $152.71. As such, this company has a market capitalization of approximately $2 trillion at the time of reporting.
If this company continues to strengthen its business fundamentals and improve its revenue outlook, the analysts’ targets could be achieved over the next 12 months.
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