Analyst Sees SpaceX Shares Sliding 14.5% to $140 on Profitability Concerns
SPCX•Analyst forecasts SpaceX stock will drop to $140 by end-2026, citing $37B revenue projections with a 50x sales multiple and concerns over unprofitability, slowing growth and Starlink funding gaps. Shares have oscillated between $147 and $226 since debut, breaking volume records and swinging up to 17% as retail trading surged.
1. Analyst Forecasts Price Decline
The analyst projects revenue of $37 billion for 2026 and applies a 50x sales multiple to derive a $140 share price, representing a 14.5% decline from current levels. Key concerns include lack of profitability, slowing growth, heavy AI expenditure without returns and Starlink's inability to fully finance parent company ambitions.
2. Record IPO Trading Activity
Since its $135 IPO price, SpaceX shares debuted at $150 and have fluctuated between $147 and $226, setting new volume records on major trading platforms. Retail investors propelled a trading surge with weekly share moves reaching up to 17%, underlining heightened volatility in the stock's early public trading days.
