Why 1 Analyst Thinks SpaceX Stock Can Gain More Than 60% Following Its Historic IPO

SpaceX’s IPO momentum and subsequent volatility are driving renewed debate after shares jumped sharply in June, then pulled back following heavy selling. The stock, SPCX, is described as down about 32% from its all-time high set last week after an “historic” opening day for one of the most discussed IPOs in a long time. Oppenheimer analyst Tim Horan set a new price target of $250 per share, implying a valuation around $3.3 trillion and positioning SpaceX as potentially the fourth-most valuable U.S. company if it reaches that level this year. The article credits SpaceX’s vertically integrated model as a competitive differentiator for disrupting AI, citing its space and Starlink businesses plus frontier work associated with Grok and ambitions to build data centers in space.