Space Exploration Technologies ( SPCX -1.20% ) stock has climbed 18% over the last month, bringing welcome news for shareholders. Over the stock's short trading history, it's already been a wild ride, with shares trading as low as $104.83.
SpaceX stock did a lot of work to get back above its initial public offering pricing of $135, and according to forecasts, that's just the start of where it could be heading by September 2027.
What a $10,000 investment today could be worth by next year
Based on the Sept. 4 closing price of $147.95, purchasing $10,000 worth of SpaceX stock would yield a little more than 67 shares through fractional investing.
For where analysts think the stock price could go next, of the 41 who cover the stock, the median price target over the next 12 months for SpaceX is $216, according to CNN. If SpaceX hit that price, that would turn a $10,000 investment at the Sept. 4 closing price of $147.95 into approximately $14,599.
For a broader range of scenarios, we can also estimate the potential value of a $10,000 investment in SpaceX by looking at the lowest price target. I won't go over the highest price target, $800, which seems more of a long-term possibility over the next several years than something feasible in the next 12 months.
The lowest price target from that group of analysts is $75. If the SpaceX stock price were to sink that low, that would turn a $10,000 investment into a loss of approximately $5,069.
There's no guarantee that SpaceX will reach any of those prices. Rather, price targets offer a mental model investors can use to gauge sentiment around the stock and develop a risk-to-reward framework to assess whether the stock is a potential portfolio fit.
NASDAQ : SPCX
Investment considerations
In the near term, SpaceX will remain unprofitable. While its 2026 second-quarter earnings report showed its net loss narrowed from $1 billion the year before to $541 million, it's still a loss.
That said, this still could be a stock worth considering adding to a portfolio for more aggressive investors. The upside potential with SpaceX lies in its ability to lead the charge in the next wave of artificial intelligence (AI) infrastructure, with SpaceX forecasting a $26.5 trillion total addressable market (TAM).
It's showing early signs of what it can do through its ground-based data centers, striking deals with both Alphabet and Anthropic to rent out compute capacity. Together, those two contracts could generate $26 billion in annual revenue for SpaceX. As a reference point, SpaceX generated $18.7 billion in revenue for all of 2025.
But that could just be an early preview of what to expect from its data-center deals, as SpaceX plans to launch over 1 million satellites to serve as orbital data centers, with launches expected to begin in 2028. Over time, if SpaceX executes on that AI infrastructure build-out and captures as much of that $26.5 trillion TAM as is possible, it could make the $800 price target mentioned earlier much more realistic to reach over the long term.