Since its blockbuster IPO launch in June, SpaceX (SPCX) stock has settled back to around its initial IPO price after hitting as high as $225. After roughly three weeks in public markets, SpaceX’s (SPCX) stock price is roughly in line with where it began trading, making many investors who bought in early feel queasy. Now, however, major institutional funds are about to start buying up the stock, and Wall Street is lining up bullish calls for the stock to catalyze.
Down 4% today, SPCX still has surge potential and is rated a buy, according to Wall Street analysts. JPMorgan Chase recently initiated coverage of the stock with an Overweight rating and a price target of $225 per share. “SpaceX’s ambitions — and potential impact on humanity — are bigger than any company’s we’ve ever seen,” its analysts wrote. “While SpaceX has already reached a $2T+ market cap post its IPO, we believe significant upside potential remains as the company quite literally builds out the next frontier.”
In addition, Morgan Stanley has also indicated that SpaceX could be a solid buy option in the second half of 2026. Analysts there have initiated coverage with an Overweight rating and a price target of $300 per share. “SpaceX combines near-monopoly launch economics, the world’s largest LEO satellite network, and a fast-scaling AI infrastructure business,” MS analysts wrote. “We see the company as one of the few platforms that can link real estate in orbit, global connectivity, and compute capacity into one infrastructure stack.”
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Following its Nasdaq-100 addition, SpaceX remains an attractive investment option, also in part due to the company’s notoriety and recent success. Elon Musk has said that SpaceX will end up being one of the biggest companies ever, and it has already made him a trillionaire. However, some analysts still advise patience with SPCX, as its upside “potential” remains a much bigger driver than its actual revenue compared to its stock valuation.