TLDR
- SpaceX is set to launch Starship’s 14th flight on Monday, September 28, its first orbital attempt.
- The mission will also mark the first deployment of 26 Starlink V3 satellites.
- SPCX stock has slipped about 3% over the past five sessions but sits well above its $135 IPO price.
- Analysts hold a Moderate Buy consensus, with an average price target of $232.07, pointing to 56% upside.
- Morgan Stanley’s $300 target suggests the stock could roughly double from current levels near $150.
SpaceX (SPCX) stock is trading near $150 as the company heads into one of its biggest tests yet. Starship’s 14th flight is scheduled for Monday, September 28, and it will be the vehicle’s first orbital launch. It will also be the first time Starship deploys satellites, with 26 Starlink V3 units set to go up.
Space Exploration Technologies Corp., SPCX
The countdown has been building for days. On Thursday, SpaceX ran a full wet dress rehearsal, walking through every step of launch day without actually firing the engines.
Investors have been watching closely, but the stock hasn’t exactly celebrated. SPCX shares are down about 3% over the last five trading sessions. Broader market jitters and concerns about the company’s heavy spending have weighed on sentiment.
Still, the stock remains above its IPO price of $135. It’s also a long way from its June peak of $225.64, so there’s room to debate where it goes from here.
Analysts Are Mostly Bullish
Wall Street hasn’t lost its nerve. Mizuho analyst Brett Linzey reiterated a Buy rating with a $200 price target ahead of the launch.
Linzey pointed to a new hosting deal starting December 1 that could bring in roughly $1.11 billion a month at the high end. He says that adds real visibility into demand for SpaceX’s compute capacity.
He also flagged a pricing framework management laid out at a recent industry conference, targeting $30 to $50 per watt in 2027. Current pricing, he noted, is already near the top of that range.
Bernstein’s Douglas Harned is even more optimistic, with a $248 target. He thinks the whole valuation story hinges on Starship reusability, since that would unlock SpaceX’s planned orbital data centers.
SpaceX now expects to show off second-stage reuse in the fourth quarter of 2026. Harned sees that as a key milestone to watch.
He also expects the Connectivity business, which covers Starlink, to generate more than $100 billion in EBITDA by 2031. If the direct-to-device business takes off too, he sees even more upside, though he says that will depend on a solid mobile network partner.
Where the Stock Could Go Next
Not every voice pushing the bullish case is a bank analyst. Market commentator Shay Boloor recently compared SpaceX’s trajectory to Amazon and Tesla.
His argument: the market may be pricing SpaceX only on what it does today, not what it could become. Amazon started as a bookseller before AWS reshaped the story. Tesla was just a car company before energy and robotics entered the picture.
Boloor thinks launch services, Starlink, and AI could do the same for SpaceX over time. It’s a thesis, not a guarantee, but it’s gaining traction among traders.
Elon Musk has added fuel to the AI angle too, saying SpaceX’s AI efforts will compete with Fable and GPT-6-level performance within two to three months.
Overall, Wall Street’s consensus sits at Moderate Buy, built on 26 Buy ratings, five Holds, and two Sells. The average price target of $232.07 implies about 56% upside from current levels.
Morgan Stanley is the most aggressive of the bunch, setting a $300 target, roughly double where the stock sits today. All eyes now turn to Monday’s launch window.
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