After trading as low as $104.83 early in August, Space Exploration Technologies (NASDAQ: SPCX) seems to have found its footing following its first earnings report as a publicly traded company, which it delivered on Aug. 4. Just over one week later, on Aug. 12, the stock price climbed above its initial public offering (IPO) price of $135 per share, two months after the stock debuted to the public on June 12. With such rapid rallies, there's always a fear among investors that momentum could reverse just as suddenly and sharply.
And it bears noting that while it's back above its IPO level, it is still below the $150 price where it opened its first day of trading. But based on analysts' forecasts, SpaceX's stock price could be even higher by this time next year. This Rare Signal Is Flashing Again.
In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue » SpaceX was already one of the world's most valuable companies when it went public, and it had high expectations to meet right out of the gate.
But after the general excitement of being able to invest in the ambitious enterprise started to evaporate, investors began to take a more critical look at the actual business. SpaceX lost a total of $4.9 billion in 2025, but had already lost $4.2 billion in just the first quarter of 2026. Investors were also worried that when the first phase of the post-IPO lockup period ended on Aug. 6 and most insiders could start selling a portion of their shares, the rise in available stock supply would trigger a sell-off.
That share price slump didn't happen, however, giving investors some breathing room to revisit SpaceX's strong second-quarter results. Revenue climbed 92% from the prior-year period to $7.8 billion, and the net loss for the second quarter was $542 million, an improvement from the $1 billion lost a year earlier. CEO Elon Musk also shortened his predicted timeline for when SpaceX would first generate $1 trillion in revenue, from 2031 to 2030.
That would be a massive increase from the $18.7 billion in revenue it reported in 2025. Among the 40 analysts covering the stock currently tracked by CNN, 75% call SpaceX a buy, and their median one-year price target is $217. From the Aug. 12 closing price of $146.15, that would amount to a 48.4% gain.
Extract — continue reading at the source.
