Arete Sees SpaceX at $401 by 2027 as Starship, Starlink Could Lift Value Above $5.2 Trillion
Updated
Updated · CNBC · Jun 18
Arete Sees SpaceX at $401 by 2027 as Starship, Starlink Could Lift Value Above $5.2 Trillion
3 articles · Updated · CNBC · Jun 18
Summary
Arete Research set a $401 end-2027 target for SpaceX, implying the stock could more than double from Wednesday’s roughly $192 close despite a 6% drop in Thursday trading.
The firm tied that upside to Starship reusability, higher launch volume, space-based data centers and Starlink expansion, forecasting 63% compound revenue growth through 2030 from Starlink and AI infrastructure.
A $401 share price would put SpaceX’s market capitalization above $5.2 trillion, topping Nvidia’s roughly $4.99 trillion fully diluted value, based on about 13 billion shares outstanding.
Other Wall Street targets are lower—Oppenheimer set $250 over 12 to 18 months and Stephens $296—while analysts warn the thesis depends on Starship working and SpaceX proving its AI ambitions.
The bullish call stands out because SpaceX was still unprofitable last year, losing about $5 billion in 2025 on more than $18.5 billion in revenue, according to Reuters citing The Information.