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SpaceX's $10T valuation call hinges on AI pivot and Starlink growth despite rocky IPO start.

Analyst Insights
24 Jun 2026
24/7 Wall Street
View Source
Bullish
pluang ai news

Oppenheimer analyst Tim Horan maintains a $250 price target on SpaceX, projecting a $10 trillion valuation over five years, driven by the company's shift into AI and vertical integration. SpaceX's acquisition of xAI and its control over rockets, satellites, and AI infrastructure underpin this bullish outlook. Starlink, with 12 million subscribers and plans to expand capacity 100-fold, is seen as the key revenue driver. However, the success of the Starship rocket is critical to achieving these growth targets. The stock has struggled post-IPO, trading below its debut price, reflecting market skepticism. The next twelve Starship launches will be pivotal in validating or challenging Horan's optimistic forecast.

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