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SpaceX IPO Valuation Gets $330 Bull Case If Its Biggest Opportunities Are Priced In

Benzinga·
SpaceX IPO Valuation Gets $330 Bull Case If Its Biggest Opportunities Are Priced In

New Street Research initiated coverage on SpaceX ahead of its IPO with a $165 price target, representing 22% upside to the expected $135 IPO price. The analyst projects $195.3 billion in revenue by 2030 with 60% CAGR, driven by space, connectivity, and AI segments. A bull case scenario values SpaceX at $330 per share by 2040 if the total addressable market reaches high estimates and SpaceX captures 50% market share.

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