{"id":2903,"date":"2026-06-21T08:06:41","date_gmt":"2026-06-21T08:06:41","guid":{"rendered":"https:\/\/durhammovinghub.com\/?p=2903"},"modified":"2026-06-21T08:06:41","modified_gmt":"2026-06-21T08:06:41","slug":"veteran-analyst-sets-jaw-dropping-spacex-stock-price-target","status":"publish","type":"post","link":"https:\/\/durhammovinghub.com\/?p=2903","title":{"rendered":"Veteran analyst sets jaw-dropping SpaceX stock price target"},"content":{"rendered":"

SpaceX<\/a> (SPCX) stock slid for two straight sessions before Thursday’s close, dropping from a post-IPO high of $225.64<\/strong> to $185.00<\/strong>. Then a top Wall Street<\/a> analyst made one of the boldest calls yet on the stock.<\/p>\n

Read more Sharon Osbourne Misses Ozzy Statue Debut Due to \u2018Unexpected’ Hospitalization<\/a><\/p>\n

Arete Research initiated coverage of SpaceX on June 18 with a Buy rating and a price target of $401<\/strong> a share. <\/p>\n

That’s the highest number any analyst has put on the stock since it went public.<\/p>\n

Arete analyst Andrew Beale<\/a> isn’t betting on rockets, at least not directly. Beale, a senior analyst at the firm, has been analyzing telecom and cable stocks since the 1990s. <\/p>\n

What makes his call particularly intriguing is that he’s betting on a satellite SpaceX hasn’t even launched yet.<\/p>\n

The $401 target implies roughly 117% upside<\/strong> from Thursday’s closing price of $185. <\/p>\n

At that level, SpaceX would carry a market valuation near $5.3 trillion, or about 80 times the company’s projected 2027 sales, Finbold<\/a> reports.<\/p>\n

Beale’s research note described SpaceX as breaking “hard engineering challenges into stepwise tasks” while building hardware and software across three businesses at once<\/strong>:<\/p>\n

In plain terms, Beale thinks SpaceX wins by solving one hard problem at a time, not by betting everything on a single breakthrough.<\/p>\n

His specific catalyst is Starlink V3, the next generation of SpaceX’s satellites. <\/p>\n

Beale argues V3 could unlock a sizable opportunity in suburban broadband, where home internet options are often limited, by delivering faster speeds and more capacity than today’s fleet.<\/p>\n

Joe Raedle \/ Getty Images<\/a><\/p>\n

There’s a catch: <\/p>\n

Starlink V3 satellites are too large for SpaceX’s workhorse Falcon 9. <\/p>\n

They need Starship, the reusable heavy-lift vehicle SpaceX has tested for years but hasn’t yet flown a fully operational commercial mission, Parameter<\/a> reports.<\/p>\n

That makes Beale’s $401 target a bet on execution timing as much as demand. <\/strong><\/p>\n

That means two separate things have to go right for the $401 target to hold up: <\/p>\n

If either falls short, the case weakens.<\/p>\n

SpaceX’s regulatory filings split the company into three segments: Space, Connectivity, and AI<\/a>, according to its registration statement<\/a> filed with the Securities and Exchange Commission (SEC<\/a>). <\/p>\n

Connectivity, which houses Starlink, is the only one consistently turning a profit.<\/p>\n

Read more Amazon’s quantum ambitions might boost long-term valuation, outlast AI boom<\/a><\/p>\n

More Space Stocks:<\/strong><\/p>\n

In 2025, Connectivity generated $11.39 billion in revenue<\/strong> and $4.42 billion in operating income<\/a>, up nearly 50% and 120% year over year. <\/p>\n

The AI segment<\/strong>, which absorbed Musk’s xAI in February 2026, lost $6.36 billion<\/strong> on just $3.2 billion in revenue over the same period.<\/p>\n

This matters for Beale’s thesis, as his bull case leans almost entirely on Starlink scaling further, not on the AI business turning a profit anytime soon.<\/p>\n

Arete isn’t the only firm with skin in the game. <\/p>\n

CFRA analyst Keith Snyder<\/a> carries a Sell rating<\/strong> and a $115 price target, the lowest on the Street, arguing SpaceX already trades on outsized growth assumptions.<\/p>\n

Related: SpaceX president reveals what investors should be watching<\/a><\/strong><\/p>\n

Oppenheimer’s Timothy Horan<\/a> sits in between. <\/p>\n

He raised his target to $250 on June 18, the same day as Arete’s call, after calling SpaceX “the only vertically integrated AI company” with the capital and talent to compete at scale.<\/p>\n

That $115-to-$401 spread, with other firms scattered in between, shows how unsettled the market still is on SpaceX’s worth less than two weeks after its IPO<\/a>.<\/p>\n

Beale’s target assumes that a lot of things will break SpaceX’s way before 2027. The catalysts worth tracking include:<\/p>\n

SpaceX’s first earnings release as a public company<\/a> lands on August 11, a date that carries extra weight since it triggers insider selling rights, Jay Woods, chief market strategist at Freedom Capital Markets, told Finbold<\/a>. <\/p>\n

20% of insiders can sell that day, with another 10% unlocking if shares hold 30% above the $135 IPO price for five to ten straight sessions.<\/p>\n

SPCX is still up about 14% over the past five trading days despite two losing sessions, while the S&P 500 gained roughly 1%<\/a> over the same stretch.<\/p>\n

Treat Beale’s $401 target as a long-term thesis that only pays off once Starship is flying commercially and launching V3 satellites on schedule.<\/p>\n

Related: SpaceX stock joins AI bond frenzy<\/a><\/strong><\/p>\n

The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.<\/i><\/p>\n

Read more Bachelor’s Blake Horstmann and Love Is Blind’s Giannina Gibelli Are Married<\/a><\/p>\n

This story was originally published June 20, 2026 at 6:03 PM.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

SpaceX (SPCX) stock slid for two straight sessions before Thursday's close, dropping from a post-IPO high of $225.64 to $185.00.<\/p>\n","protected":false},"author":1,"featured_media":2902,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-read-todays-edition"],"yoast_head":"\nVeteran analyst sets jaw-dropping SpaceX stock price target - Durham Moving Hub<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/durhammovinghub.com\/?p=2903\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Veteran analyst sets jaw-dropping SpaceX stock price target - Durham Moving Hub\" \/>\n<meta property=\"og:description\" content=\"SpaceX (SPCX) stock slid for two straight sessions before Thursday's close, dropping from a post-IPO high of $225.64 to $185.00.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/durhammovinghub.com\/?p=2903\" \/>\n<meta property=\"og:site_name\" content=\"Durham Moving Hub\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-21T08:06:41+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/durhammovinghub.com\\\/?p=2903#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/durhammovinghub.com\\\/?p=2903\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/durhammovinghub.com\\\/#\\\/schema\\\/person\\\/bf1f081e7f06a3ab66052e5f6015fd85\"},\"headline\":\"Veteran analyst sets jaw-dropping SpaceX stock price target\",\"datePublished\":\"2026-06-21T08:06:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/durhammovinghub.com\\\/?p=2903\"},\"wordCount\":740,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/durhammovinghub.com\\\/?p=2903#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/durhammovinghub.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/9e3932fd7d4e6133d05a446cf8ce0efd.jpg\",\"articleSection\":[\"Read today's Edition\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/durhammovinghub.com\\\/?p=2903#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/durhammovinghub.com\\\/?p=2903\",\"url\":\"https:\\\/\\\/durhammovinghub.com\\\/?p=2903\",\"name\":\"Veteran analyst sets jaw-dropping SpaceX stock price target - 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