Susquehanna Sets $170 Target for SpaceX Amid Valuation Concerns

Analysts at the brokerage project SpaceX will achieve an 81% compound annual growth rate in revenue and a 76% CAGR in adjusted EBITDA between 2025 and 2028. Despite these optimistic forecasts, the firm suggests that the stock’s current price already accounts for much of this anticipated expansion. Key long-term drivers cited in the report include the company’s dominance in rocket launches, the ongoing development of Starlink, and early-stage artificial intelligence infrastructure. CEO Elon Musk remains a central pillar of the firm’s outlook, credited for his track record in scaling complex operations.

However, broader market sentiment remains divided. Economist Peter Schiff recently warned of a potential supply shock, noting that the float could balloon from roughly 640 million shares to 7.5 billion by December 8. Such a massive influx of shares could pressure a valuation already described as "priced for perfection." While KeyBanc has also adopted a neutral stance, institutional players like ARK Invest continue to view price dips as buying opportunities, recently acquiring over 210,000 shares. SpaceX shares were trading near $158.40 following a volatile session, remaining well below the highs seen shortly after their public listing.