Here's How Much a $1,000 investment in SpaceX Stock Could Be Worth by 2027

SpaceX (NASDAQ: SPCX) may be a rocketship company, but its stock price performance has been more like an amusement park ride for its early investors. Elon Musk's brainchild hit the market at $135 per share in June 2026 -- quickly surging to an all-time high of $225.64 within days before dropping back to its IPO price as of the time of writing.

The company's operating results have also changed rapidly as booming AI-infrastructure-driven growth makes its sky-high valuation more palatable. Let's dig deeper into the pros and cons of SpaceX to decide what a $1,000 investment might be worth by next year.

Second-quarter earnings changed the narrative

Before its IPO, it was hard to see why Wall Street was so excited about SpaceX. According to data from private market research company Sacra, revenue growth had decelerated from a rate of 100% year over year in 2022 to just 18% year over year by 2025. And the recent acquisition of xAI looked like a desperate attempt to distract investors from this alarming slowdown in the company's core space industrial operations.

That said, SpaceX's second-quarter earnings turned this thesis on its head. The results were nothing short of explosive, with revenue growth rebounding to 92% year over year to $7.8 billion, driven mainly by the company's AI segment, which involves revenue related to its vast array of cutting-edge computing infrastructure and frontier AI model Grok.

Furthermore, the momentum looks set to continue in the near term as SpaceX continues to accumulate vast quantities of data center infrastructure to rent out to other tech companies. Recent deals include an agreement with Anthropic to provide up to 300 megawatts of compute capacity from the SpaceX Colossus facility in Tennessee. The two companies are also working together to study the feasibility of orbiting (space-based data centers) in the future, but this looks highly speculative.

Google has also agreed to pay SpaceX an eye-popping $920 million per month for access to 110,000 Nvidia graphics processing units (GPUs) along with other AI infrastructure between October of this year through June 2029, with the potential for either party to terminate if desired.

Can the boom last for the long haul?

Image source: Getty Images.

SpaceX has created a compelling niche for itself in the AI industry by leveraging its massive colossus data centers to serve shortages in the market for computer infrastructure. But while second-quarter earnings indicate that this is a huge near-term growth opportunity, there is no guarantee that business will remain so elevated over the long haul.

The first concern is the economic moat. For decades, SpaceX has centered itself around its cutting-edge rockets and satellite internet technology that few companies can hope to rival. However, AI infrastructure is a much newer and more competitive opportunity, and it is unclear whether SpaceX has any lasting advantages over its competitors. Orbiting data centers look decades away (if they are even possible) and could be beset by space debris, extreme temperatures, and maintenance issues.

On Earth, SpaceX will compete with established hyperscalers that boast enormous amounts of capital, infrastructure, and expertise. And it will be very expensive to keep up. Investors are already getting nervous about the company's soaring capital expenditures (which totaled $18.4 billion in the second quarter alone). And this spending will have to rise if SpaceX wants to reach the levels of companies like Amazon, which expects to spend $220 billion in 2026 alone (roughly $55 billion per quarter).

What will a $1,000 invested in SpaceX be worth by 2027?

SpaceX's soaring AI business helps alleviate earlier fears that the company's days of explosive growth were behind it. That said, with a price-to-sales (P/S) multiple of 64, the company will need to maintain this extremely high growth rate for years to justify its current price tag. And that's far from guaranteed.

So what will a $1,000 position in SpaceX be worth by the end of 2027? Probably around the same as it is now until investors get more reassured about the company's long-term economic moat in the AI infrastructure opportunity. The stock remains a hold until more information becomes available.

Will Ebiefung has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, and Nvidia. The Motley Fool has a disclosure policy.