Right now, the SpaceX stock price prediction picture is getting more bullish by the week. Wall Street’s average SpaceX 12-month price target sits at $231.15, which points to about 66.61% upside, and that’s before factoring in Morgan Stanley’s own SpaceX stock price target of $300 or Arete’s newer $450 call. The broader SpaceX stock forecast is still a Moderate Buy overall, but the SpaceX stock Wall Street mood has clearly shifted more optimistic since SpaceX agreed to its $60 billion Cursor acquisition, a deal that’s changing how analysts think about the AI side of this business, and reshaping the SpaceX stock price prediction conversation almost by the day.
Also Read: Elon Musk’s Terafab Construction Plan: Why SpaceX Is Building a $16.8B Chip Giant
SpaceX Stock Forecast And Wall Street 12-Month Price Targets
Morgan Stanley’s SpaceX Stock Price Target And AI Outlook
The SPCX stock Morgan Stanley rating has stayed at Buy for a while now, with analyst Adam Jonas holding onto a SpaceX 12-month price target of $300, a level that would mark a 116.23% climb from where shares trade at the time of writing. Jonas originally initiated coverage on July 7 with that overweight rating and $300 target, and he reaffirmed the call this past Tuesday.
Investors are, at this point, probably watching this SPCX stock Morgan Stanley call more closely than any other SpaceX stock price prediction on the street. An even bigger number floats above it too: a bull case of $600 per share, which depends on whether Cursor turns from what Jonas calls a “harness” and into a “frontier” model, and which would value SpaceX at roughly $8 trillion, making it the largest company in the world. That scenario alone makes this one of the boldest SpaceX stock price prediction calls out there right now.
Adam Jonas had this to say:
“potential generational compounder that converts energy into a networked/swarming intelligence at scale”
Morgan Stanley projects Cursor’s annualized run rate to hit $8 billion by year-end, and then climb to $33 billion by 2030, an ambitious jump by any measure. Morgan Stanley currently values SpaceX’s AI business at roughly $12 per share, seeing it as a bit of a discount next to neocloud rivals. More than half of the SPCX stock Morgan Stanley target, worth noting, comes from that AI segment alone.
Arete And The Wall Street Consensus On SpaceX Stock
Arete also raised its own SpaceX stock price target, moving it up to $450 from $401 while keeping a Buy rating, a change The Fly first reported. That works out to a 224% upside from where shares were trading at the time, and it’s one more sign the SpaceX stock price prediction outlook keeps drifting upward. Across the wider analyst pool that TipRanks tracks, the SpaceX stock Wall Street sentiment lands at a Moderate Buy, with 24 positive ratings, five Hold calls, and two Sell recommendations, and this broader SpaceX stock forecast still sits well below Morgan Stanley’s own, more aggressive numbers.
The Cursor deal itself, an all-stock transaction the two companies agreed to back in June, should close before the end of August, according to The Information. More than 50,000 businesses use Cursor at this point, and over 64% of Fortune 500 firms reportedly rely on it too, which helps explain why the SpaceX stock forecast keeps tilting more toward AI than rockets alone. That shift toward AI is a big part of why this SpaceX stock price prediction round is drawing so much attention.
SPCX Stock Price Action Behind The Prediction
SPCX closed most recently at $138.74, just above its $135 IPO price and up 18.47% over the past week alone. Shares are still 38.51% below the all-time high of $225.64, which came only four days after the IPO, though the stock has also climbed 32.35% off its all-time low of $104.83. That back-and-forth keeps feeding fresh SpaceX stock price prediction chatter among traders, and it’s also why the SpaceX stock price target conversation on Wall Street keeps shifting from one week to the next, right along with the SpaceX 12-month price target itself.
Retail sentiment on Stocktwits has stayed Bullish, even as reactions varied and message volume ran pretty high. One user said the $60 billion Cursor valuation would make more sense if the platform becomes “an operating system for coding agents,” while another flagged $150 as the next resistance level to watch. SPCX also dipped 1% in pre-market trading at one point, breaking a three-session winning streak that had pushed shares above their listing price for the first time since mid-July. How fast Cursor’s revenue actually shows up in the numbers is, at the time of writing, the piece every SpaceX stock Wall Street desk seems to be watching closest, and it’s likely to keep steering the SpaceX stock price prediction narrative for a while yet.