SpaceX Draws $800 Stock Target as AI Fuels $10.5 Trillion Valuation
Updated
Updated · Bloomberg · Jul 8
SpaceX Draws $800 Stock Target as AI Fuels $10.5 Trillion Valuation
3 articles · Updated · Bloomberg · Jul 8
Summary
$800 is now the top published target for SpaceX, with Wall Street analysts increasingly valuing the company as an AI play rather than only a space business.
AI optimism is driving a projected $10.5 trillion valuation, even as market watchers have spent months questioning whether the broader AI trade can be sustained.
Raymond James analyst Brian Gesuale initiated coverage with a strong buy and the $800 target earlier Tuesday, implying about 430% upside from recent trading and topping other analyst forecasts.
The fresh bullish call follows a choppier market debut: SpaceX slid 5.4% after joining the Nasdaq-100 on July 7, showing how AI enthusiasm and valuation concerns are colliding around the stock.
SpaceX is losing billions. Why are 401(k)s now being forced to invest in its volatile stock?
A tiny 3% public float faces $27 billion in forced buying. Can the market handle the shock?
SpaceX’s $2 Trillion IPO and the Index Wars: Fast-Track Inclusion, Forced Buying, and the Future of U.S. Benchmarks
Overview
SpaceX’s public debut in June 2026 triggered rapid changes in the financial markets. Major index providers quickly adjusted their rules to allow large IPOs with low public floats, like SpaceX’s 3–5%, to enter key benchmarks almost immediately. The Nasdaq-100, for example, changed its criteria so SpaceX could join after just 15 days of trading, reflecting the direct impact of these rule changes. This swift inclusion into influential indexes, which collectively represent hundreds of billions in assets, highlights how SpaceX’s IPO set new precedents for how quickly major new companies can shape market benchmarks and investor portfolios.