Predicting Where SpaceX Is Headed by the End of 2026

SpaceX stock has declined 7% since its June IPO debut and trades at an inflated valuation of nearly $2 trillion with a price-to-sales ratio of ~100x. The company posted net losses despite $18.7 billion in 2025 revenue and raised $25 billion in bonds. While SpaceX has strong long-term potential through its rocket launch business and Starlink, the analyst predicts the stock will fall to around $100 per share by year-end due to insider selling and execution risks, with limited upside at current valuations.