SpaceX Stock Price to $250? Analyst Sees Strong Upside for SPCX

Key Insights:

• Needham maintains a Buy rating on SpaceX stock with a $250 price target.
• SpaceX stock price has gained nearly 7% over the past 30 days.
• AI computing emerges as a major growth catalyst for SpaceX’s future revenue.

The SpaceX stock price has once again ended the session in the green on September 30, with analysts seeing more upside for the asset. In a recent outlook for the SPCX stock price, an analyst has maintained its bullish outlook, while providing it a $250 target, citing its operational factors.

Meanwhile, this also follows TD Cowen offering a $200 price target, suggesting that the stock can see more upside in the near future. So, here we explore the latest coverages for the asset and see what catalysts may drive its price in the near future.

Analyst Sees Major Upside for SpaceX Stock Price, Here’s Why

The SpaceX stock price closed Wednesday’s session with more than a 1% gain and exchanged hands at $150.86. Notably, the SPCX stock is up nearly 7% over the past 30 days, suggesting that investors are keeping close track of the asset.

Meanwhile, it appears that the latest optimism comes from Needham, which has reportedly maintained a Buy rating on SpaceX. In addition, it has also set a $250 price target for the SPCX stock, citing accelerating revenue from the artificial intelligence (AI) computing segment.

Considering that, it appears that the analyst is eyeing a potential surge of over 65% from its current level at $150.

Notably, the latest target adds to a growing stream of bullish analyst coverage surrounding SpaceX. TD Cowen recently initiated coverage of the company with a Buy rating and a $200 price target, identifying AI compute leasing as a potentially significant growth engine.

Together, the projections highlight increasing attention toward SpaceX’s expanding role in the AI infrastructure market alongside its established Starlink and Starship businesses.

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SpaceX Growth Prospects: AI Computing in Focus

According to market commentator Walter Bloomberg, Needham’s outlook on the SpaceX stock price is centered largely on the acceleration of SpaceX’s AI compute revenue. The reported assessment points to announced compute agreements reaching a combined annualized revenue run rate of approximately $54 billion.

If those expectations materialize, they could provide substantial support for SpaceX management’s reported goal of reaching $100 billion in total annual recurring revenue (ARR) by the end of 2026.

The scale of the projected AI-related business is particularly notable because it potentially adds a new high-growth revenue stream to SpaceX’s existing operations. While Starlink has already become a major part of the company’s commercial expansion, AI infrastructure could increasingly influence how investors value SpaceX.

Meanwhile, it also follows another bullish outlook from TD Cowen for the SpaceX (SPCX) stock price. TD Cowen analyst described AI compute leasing as the company’s “fastest growing revenue stream,” with demand from major technology companies expected to support expansion.

The firm expects AI compute to become SpaceX’s majority revenue source by 2027, potentially. Notably, another key development highlighted in the outlook is SpaceX’s relationship with Anthropic.

The AI company has reportedly agreed to spend as much as $84.5 billion on AI computing resources from SpaceX through 2029. If realized, such commitments could provide SpaceX with substantial visibility into future AI infrastructure demand.

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