Analyst Sees 400% Upside for SPCX Stock Price as SpaceX Eyes 100K Starlink Satellites Launch

The SpaceX (SPCX) stock price has wiped off some of its recent losses and added more than 1% today amid a flurry of updates on Elon Musk’s firm. Notably, a flurry of market pundits have provided a bullish outlook for the space technology and AI firm, with the latest outlook hinting at more than 400% upside.

In addition, it also comes in tandem with the continuing bets from Cathie Wood’s Ark Invest, which appears to have further bolstered market confidence. Besides, recent reports also showed that Elon Musk’s SpaceX is aiming to launch 100,000 Gen3 Starlink satellites.

Analyst Predicts 440% Rally in SPCX Stock Price

The SpaceX (SPCX) stock price has recorded a surge of around 1.1% and traded near the brief $150 mark on Thursday. Notably, it seems that regaining investors’ confidence comes as Raymond James initiated coverage of SpaceX stock with a “Strong Buy” recommendation.

In addition, it has also provided a price target of $800 for the stock, suggesting a 440% upside from the current levels. Meanwhile, the optimistic outlook of the analyst was primarily due to three major growth drivers.

For context, the firm noted that Starship continues to strengthen SpaceX’s long-term launch capabilities and Starlink has emerged as one of the world’s largest satellite internet businesses. Analysts also believe the company could evolve into a global infrastructure leader as its space and communications businesses expand.

SpaceX Pushes Ahead With Massive Starlink Expansion

SpaceX (SPCX) has also taken another major step in expanding its satellite internet ambitions. The company reportedly filed an application with the US Federal Communications Commission (FCC) for approval to deploy as many as 100,000 third-generation Starlink satellites.

In addition, the operational momentum of Elon Musk’s firm has also remained strong this year. During the first half of 2026, SpaceX launched 1,589 Starlink satellites, surpassing the previous first-half record of 1,489 satellites set in 2025.

Simultaneously, the surge in SPCX stock price also comes in tandem with the latest bet from Cathie Wood’s Ark Invest, showcasing strong institutional confidence in the asset. As per the reports, the investment firm purchased 153,084 SpaceX shares across its ARKK, ARKQ, and ARKX exchange-traded funds.

Based on the company’s closing price of $148.30, the investment was valued at approximately $22.7 million. In addition, SpaceXAI has also recently revealed plans to launch Grok 4.5 to the public, which has also caught the investors’ attention.

Considering these aspects, along with the latest bullish outlook for the SpaceX (SPCX) stock price to $800, it seems that the asset may continue to witness upward momentum ahead.

However, despite the bullish SPCX price targets, some market participants remain cautious. Critics argue that SpaceX’s valuation already reflects substantial future growth. Besides, others point out that investors are still waiting for the company’s first public earnings report to assess its financial performance better.