SpaceX Research: Overweight / Long-Term Bullish, $400+ in Three Years

SpaceX completed the largest IPO in history on 2026-06-12 (Nasdaq: SPCX, $135/share, about $1.77T) and hit a fresh all-time high near $218 on June 16. VM Genius rates it Overweight / long-term bullish: the intrinsic floor of the existing businesses is about $63–133/share; on management's growth/margin targets and a $26.5T AI TAM, our three-year base target is $300 with a bull case above $420. The price still sits below our base target, and a lock-up pullback would be a window to add.

Published June 16, 2026

Author: VM Genius Equity Research