Forget SpaceX: These 3 Stocks Have Better Potential to Become 10-Baggers

Many investors are excitedly waiting for the SpaceX initial public offering (IPO). With its dominance in space launches and Elon Musk's leadership, many investors undoubtedly want to own this stock.

Unfortunately, its size presents a challenge. It will debut on the market at an expected market value of just under $1.8 trillion, instantly making it one of the 10 largest publicly traded companies. This means for it to become a 10-bagger, it has to reach an $18 trillion market capitalization, a notable feat when no stock has yet reached $6 trillion.

This mathematical challenge should have investors looking elsewhere for potential 10-bagger stocks. While no analyst can guarantee a stock will grow that much, these three stand a strong chance of achieving such a milestone.

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CoreWeave

CoreWeave (NASDAQ: CRWV) has drawn considerable attention by building cloud infrastructure specifically tailored to artificial intelligence (AI). While it is not the only company to take this approach with the cloud, it has built a competitive advantage by fostering a partnership with Nvidia. That deal has given CoreWeave Nvidia's latest technology, along with investment capital from the AI chip giant.

Consequently, it has built a $99.4 billion backlog, and its revenue in the first quarter of 2026 grew by 112% year over year.

The concern for investors is that it has incurred considerable losses and massive debts to fund the build-out needed to support the rapidly growing demand for its AI-specific cloud infrastructure. Should AI demand fail to meet expectations, this could undermine CoreWeave's investment thesis.

However, investors can buy this stock at just 9 times sales, a level that is arguably inexpensive considering its growth rate. Additionally, the value of the stock's equity grew by 43% quarter over quarter, faster than the 22% rise in the debt over the same period.

That improvement and the fast-growing demand for its services could ultimately bode well for the cloud stock, likely taking it far above its $61 billion market cap as it follows a rapid growth trajectory.

Uber Technologies

As most investors know, Uber Technologies (NYSE: UBER) is the global leader in the rideshare industry. Moreover, despite losing the lead in U.S. deliveries to DoorDash, it also leads the world in food delivery.

However, its possible catalyst for tenfold growth lies in autonomous driving. Although companies like Tesla and Alphabet's Waymo have developed autonomous driving technologies, Uber has the platform and customer base for arranging such rides. Thus, the company could see a massive increase in revenue as autonomous driving technology becomes more prevalent.

Even without self-driving cars, trips increased by 20% over the last year. That drove a 14% revenue increase. Uber also earns a profit, though a $1.5 billion unrealized loss on investments reduced net income to $263 million in the first quarter of 2026. In the year-ago quarter, net income was nearly $1.8 billion.

Admittedly, Uber stock has struggled despite that revenue growth. Still, even though the aforementioned unrealized loss skewed the trailing P/E ratio downward, the forward P/E of 22 arguably makes it a reasonably priced stock. Amid its $152 billion market cap, that valuation positions it for massive returns should it succeed in the autonomous driving space.

MercadoLibre

MercadoLibre (NASDAQ: MELI) rose to prominence by becoming a first-mover in e-commerce and fintech in Latin America.

Although it is the leading company in Latin America in all of those businesses, investors have soured on the stock in recent months. Rising competition in e-commerce squeezed its net margins. Moreover, it has aggressively expanded its loan business, which has forced it to dramatically increase its provision for doubtful accounts to cover bad loans.

Nonetheless, investors should appreciate that it is playing the long game. In e-commerce, the reduced margins should help it grow market share over its numerous competitors. Likewise, the increased loan volumes should solidify its fintech business, and it has employed strategies such as AI loan evaluation and loan limits to mitigate the non-performing loan losses.

Indeed, net income dropped in the first quarter of 2026 from year-ago levels amid these challenges. However, its 49% year-over-year revenue growth in Q1 makes it a buy.

MercadoLibre's 41 P/E ratio compares well to its developed world counterpart, Amazon, which routinely sold for well over 50 times earnings during its earlier growth phase. Finally, since its $79 billion market cap is a small fraction of Amazon's $2.9 trillion, that indicates it could deliver massive gains as it follows in Amazon's footsteps.

Will Healy has positions in CoreWeave, MercadoLibre, and Uber Technologies. The Motley Fool has positions in and recommends Alphabet, Amazon, DoorDash, MercadoLibre, Nvidia, Tesla, and Uber Technologies. The Motley Fool has a disclosure policy.