Three Factors That Could Propel SpaceX Stock to New Heights

Key Points

• SpaceX aims to recover the upper stage of its Starship rocket by 2024, potentially transforming the economics of space launches.

• A merger between SpaceX and Tesla is predicted to have a 70% chance of occurring before 2028.

• The Terrafab project, intended to consolidate semiconductor manufacturing, could cost up to $119 billion and is set to begin this year.

Space Exploration Technologies (NASDAQ: SPCX) plans to recover both stages of its Starship rocket, with the upper stage recovery targeted for 2024. This initiative could significantly reduce launch costs and enhance the company’s goals in the space sector.

At the same time, predictions indicate a 70% likelihood of a merger between SpaceX and Tesla before 2028, which could leverage advancements in Tesla’s EV and robotics sectors. Additionally, the Terrafab project—projected to cost $119 billion—aims to improve semiconductor production and is anticipated to commence in 2023.