Wall Street assessed the potential of SpaceX stock: optimists expect a 40% increase from the IPO price

Wall Street analysts from Oppenheimer and New Street Research, as well as experts from Freedom Finance were the first to present analytical reports on the securities of aerospace company SpaceX ahead of its listing on Nasdaq on June 12. The most optimistic target is Oppenheimer's - it assumes the growth of the company's securities relative to their assumed offering price by 40%. Other major investment banks are still bound by regulatory restrictions, writes CNBC: acting as underwriters of IPO, they are obliged to observe a "period of silence" so that their assessments do not look like a biased promotion of securities, the channel specifies.

Placement of SpaceX shares may become the largest in the history of the stock market: the company plans to raise about $75 billion, and its total capitalization at the IPO may exceed $1.75 trillion.

Oppenheimer analyst Timothy Horan gave SpaceX shares an "outperform" rating (outperform) with a target price on a 12-18 month horizon of $190. This target implies their growth by 40% from the expected offering price of $135 per unit. The expert noted that the diversified portfolio of the company makes it attractive to investors.

"We see SpaceX being able to apply its ground computing expertise (i.e. - data centers and server infrastructure on Earth. - OnInvest) as a bridge (and backup plan) that will provide it with key advantages through scaling and cost reduction," the analyst said. Oppenheimer, he said, sees SpaceX "as the only vertically integrated AI company with the necessary capital, data, big language models, hardware, manufacturing capacity and engineering talent." And SpaceX's space infrastructure "has a structural competitive advantage," Horan added.

Despite the fact that the analyst expects high volatility in SpaceX securities in the near future, they should grow at the start of trading, the expert believes.

New Street Research analyst Pierre Ferragu set a $165 target price for SpaceX stock over the next 12 months. That's 22% above the expected offering price. Assigning securities of aerospace and AI-company Musk investment rating New Street Research has not yet become. Target is based on the projected future growth of the company's business, explains CNBC.

By 2030, SpaceX revenue will soar by 943% relative to the data of 2025 - up to $195 billion, Ferragu believes. By comparison, SpaceX's revenue last year was $18.7 billion - with a net loss of $4.9 billion. The analyst estimates that in 2027, the year following the listing, SpaceX will start making a net profit and the company's market value will be $2.3 trillion. However, Ferragu emphasizes that this estimate could rise if the total target market for the company's space business turns out to be larger than New Street Research expects. "If the opportunity grows to our maximum estimate, and SpaceX takes 50% of the market, that would imply a fair value of $330 per share," Ferragu noted (such a valuation implies a 144% increase in SpaceX securities relative to their implied offering price).

Analysts at Freedom Finance set the target price for SpaceX shares at $159.2 per share, according to the investment company's report (available at Oninvest's disposal). Such a target implies the potential growth of Musk's shares by 18% from the estimated price of their placement at $135 per unit.

Freedom Finance emphasizes that the inherent growth potential of the quotes is based not on the assessment of current financial results, but on the scenario of SpaceX's transformation into a global infrastructure leader in space, communications and AI. According to the analysts' forecast model, the company's total revenue due to these areas will grow to $315 billion by 2030 and exceed $1 trillion by 2035.

"The target price could be justified if SpaceX continues to scale Starlink, maintains its technological advantage in launches and Starship, and [the company's] AI business moves from a capital-intensive investment phase to sustainable commercial monetization," Freedom Finance said.

Among the key risks for SpaceX, analysts call any possible failures and delays in Starship launches, which could slow down the deployment of next-generation satellites and space data centers. In addition, the company's business is highly dependent on the laws of different countries. Any regulatory restrictions or international disputes in the future could hit operations and slow SpaceX's global expansion, the analysts summarize.

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