Here's What a $17,000 Investment in SpaceX Could Be Worth Over the Next 12 Months, According to Wall Street AI Bull Dan Ives

If you're bullish connected the aboriginal of the abstraction system and artificial quality (AI), past you are apt incredibly excited astir Space Exploration Technologies Corp. (NASDAQ: SPCX), which precocious went nationalist and has already go 1 of the largest stocks successful the market, trading astatine a astir $2.13 trillion marketplace headdress (as of July 3).

While astir judge SpaceX is bound to bash large things, the precocious valuation has made it a battleground stock, with immoderate analysts and organization traders claiming this is conscionable the beginning, and others suggesting SpaceX has gotten up of its skis.

Missed Nvidia successful 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" awesome flashed for a little-known chipmaker called Nvidia. For the archetypal clip successful years, that aforesaid "Total Conviction" awesome is flashing for a institution 1/100th the size of Nvidia. Continue »

Recently, seasoned Wall Street expert Dan Ives, typically rather bullish connected tech and artificial intelligence, weighed successful connected the stock. Here's what helium thinks a $17,000 concern successful SpaceX could beryllium worthy implicit the adjacent 12 months.

Ives offered little hype than expected connected SpaceX

Ives, formerly with Wedbush Securities, precocious initiated sum of SpaceX with an outperform standing and a $190 terms target, implying astir 17.3% upside from existent levels. Assuming this comes to fruition, a $16,500 concern could beryllium worthy adjacent to $20,000 successful 1 year's time, the emblematic clip skyline utilized by Wall Street analysts.

In his initiation note, Ives wrote that SpaceX is "one of the astir differentiated assets wrong the tech market" and "well-positioned to go a large hyperscaler with its vertically integrated level crossed connectivity, launch, and AI infrastructure."

Ives views SpaceX's low-Earth-orbit outer net service, Starlink, arsenic the nett motor with a agelong runway ahead, fixed that the work inactive controls little than 1% of the planetary telecom and broadband market.

Thus far, Starlink has been the champion fiscal performer of SpaceX's 3 divisions, generating an operating nett of $4.4 cardinal and adjusted EBITDA of astir $7.2 cardinal successful 2025.

Ives views the motorboat concern arsenic the motor that makes beauteous overmuch everything astatine the institution possible, and is astir excited astir the AI division, which comprises the societal media level X, the integer AI quality level Grok, aggregate information centers, and a aboriginal imaginable terafab facility.

SpaceX has already signed monolithic information halfway deals with ample AI players similar Anthropic and Alphabet, which are expected to dramatically ramp gross this year.