Key Points
Space Exploration Technologies (NASDAQ: SPCX) claims it has identified a total addressable market of $28.5 trillion, positioning itself for unprecedented growth. Currently valued at approximately $2 trillion, the company anticipates its shares could eventually exceed $1,000, with one analyst already projecting an $800 price target.
SpaceX shares are currently trading significantly below this threshold, around 85% lower, with an average price target of $230. Speculations around a potential stock split have emerged, similar to Tesla’s past splits, as future acquisitions in the AI sector may necessitate such a move.
As SpaceX continues to invest heavily in growth to compete in the AI race, market watchers are keenly observing its share price trajectory and potential acquisition strategies in the coming years.
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