SpaceX Stock: Analysts Predict ATH Rally Despite Crash

SpaceX stock experienced a substantial decline of over 33% from its peak, falling to approximately $149.20 in pre-market trading as of October 2, 2026. Despite this volatility, a strong consensus among Wall Street analysts points towards a significant recovery.

Thirty-three analysts surveyed over the past three months have set an average price target of $235.10, indicating a potential rally of more than 57% within the next twelve months. The highest prediction forecasts a price of $800, while the lowest stands at $75.

This bullish sentiment is largely driven by SpaceX's strategic acceleration of its Artificial Intelligence (AI) compute revenue. Analysts project that these compute deals could reach a $54 billion annualized revenue run rate, supporting the company's ambition to achieve $100 billion in total ARR by the end of 2026.

Such revenue growth is crucial, especially following recorded revenues of $18.67 billion in 2025. An anticipated increase in 2026 revenue further bolsters the optimistic outlook held by analysts, reinforcing the potential for SpaceX stock to reach new all-time highs.