Forget Rockets. This Is The Real Reason Wall Street Can't Stop Buying SpaceX.

SpaceX stock has declined 20% below its $135 IPO price to $108, but Wall Street remains bullish with an average price target of $236.71. Analysts believe the company's AI business expansion—integrating terrestrial data centers, orbital infrastructure, and xAI tools—will drive long-term growth beyond its current profitable Starlink satellite internet division. Despite current unprofitability due to AI investments, analysts expect SpaceX to achieve profitability by 2027 with revenue reaching $141.6 billion by 2028.