Prediction: Here's How Much SpaceX Will Be Worth by the End of 2027

Space Exploration Technologies (NASDAQ: SPCX), or SpaceX for short, pulled off a historic $1.77 trillion initial public offering just months ago. There have been some ups and downs early on, but today shares trade at $134, almost a bullseye on its $135 IPO price.

The company recently posted impressive growth with its Q3 2026 earnings. As a result, I predict that SpaceX stock could run 65% from here, closing 2027 at around $250 per share.

A word of caution: the artificial intelligence landscape is changing quickly, and some storm clouds could be on the horizon.

Image source: The Motley Fool.

SpaceX's growth is a rocket ship

For all the attention SpaceX receives for launching rockets into space, the company operates three distinct business segments. Beyond the Space segment, investors will also find the Connectivity business, which holds Starlink, as well as the Super Intelligence (AI) segment, which houses xAI and Cursor.

The Super Intelligence segment exploded, posting $7.56 billion in revenue, up from just $813 million a year ago. Not to be overlooked, Connectivity remains a winner, with revenue growing 69% to $5.25 billion and subscribers reaching 13.6 million, up 89% from the prior year.

SpaceX is selling compute to other AI hyperscalers, and business is booming. Management guided for Q1 2027 revenue of $33 billion to $37 billion, implying the size of the business as a whole could more than double over the next six months.

SpaceX and the AI industry could soon feel some heat

SpaceX's fundamentals are changing quickly, making it that much more challenging for investors to gauge how attractive the stock is today. Suppose SpaceX hits the high end of its Q1 2027 guidance. Annualize that, and you get to roughly $150 billion in 2027 revenue.

At 20 times this hypothetical 2027 revenue, shares would trade at that $250 target. SpaceX's market cap would come in around $3.4 trillion. In other words, it would be one of the world's most valuable companies. It's worth noting that no other company, save Nvidia, is growing so quickly at such a large size.

There's also suddenly some political risk here, too. CEO Elon Musk has been a close ally of President Donald Trump for most of the past few years. Naturally, Musk has a target on his back as the world's wealthiest individual. Democrats reclaimed control of the U.S. House and Senate following the recent midterm elections.

Voters came out in force against various data center proposals, and some politicians have already made it clear they intend to scrutinize AI companies more closely. This could become a big challenge for SpaceX, which is now counting on its AI computing business to achieve the blistering growth it's guiding for.

A stock with unique risks and reward

Despite all this, Wall Street analysts remain bullish on SpaceX. There are 47 analyst ratings on CNN Business, with a median 12-month price target of $245 -- right around my prediction. But don't forget that things can change quickly.

Owning SpaceX is essentially a vote of confidence in Musk's ability to lead the company through this increasingly complex AI revolution while simultaneously delivering on lofty growth goals. There might not be a riskier stock at its market cap, but the upside is there if SpaceX delivers.

Justin Pope has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia and Space Exploration Technologies. The Motley Fool has a disclosure policy.