SpaceX Stock Forecast as Cathie Wood Eyes $10T Starship Opportunity Ahead of September 22 Orbital Flight

SpaceX stock price is in focus ahead of the first orbital flight test that is scheduled to take place on September 22.

The test flight’s announcement comes as ARK Invest CEO Cathie Wood forecasts major revenue growth for SpaceX from Starship launches.

SpaceX stock price closed trading at $143.49 on September 15 after a 3.15% drop.

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Cathie Wood Links Starship to SpaceX Revenue Growth

In an X post, Wood noted that SpaceX could generate revenue of $1 billion from every Starship launch. She noted that with SpaceX CEO Elon Musk targeting 10,000 flights every year, the revenue from Starship could reach $10 trillion by 2030.

Per Wood’s outlook, if SpaceX can achieve this $10 trillion milestone, the $1.75 trillion IPO would become “a deep value opportunity.”

Besides the Starship division, analysts are also bullish that the other business segments at SpaceX, Starlink and xAI, will also drive the company’s revenue.

Pivotal Research analyst Jeffrey Wlodarczark recently noted that SpaceX stock price could reach $220 if the company can deploy more satellites to give Starlink an edge in capturing a major share in the $1.7 trillion wireless market.

SpaceX CFO Bret Johnsen also revealed recently that SpaceX had secured a new AI Compute deal that could increase the annual recurring revenue (ARR) to $100 billion by the end of 2026.

Still, challenges remain with xAI’s growth due to competition from Anthropic and OpenAI. Data from CoinGape Prediction Markets shows that there is only a 1% chance that SpaceX will have the best AI model by October 2026.

The recent calls for an AI slowdown by Musk and the CEO of Anthropic and OpenAI could also slow down xAI’s growth.

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Elon Musk Revives SpaceX Tesla Merger Speculation

Speculation is rife once again that SpaceX will merge with Tesla after Musk’s speech at the All-In Summit on September 14 that fuelled slight gains for the stock.

During the summit, Musk was asked whether SpaceX and Tesla would remain separate companies despite several overlaps between their operations. In his response, Musk admitted to there being an overlap that could influence future decisions.

“With all this collaboration, on so many levels, who can imagine what action one might take when there’s so much close collaboration in so many areas,” Musk said.

Investors are already pricing in a 20% chance that Musk will announce a merger between SpaceX and Tesla by December 31 on prediction markets.

Still, merging the two companies will likely face regulatory obstacles because of Tesla’s China division.

SpaceX Stock Price Nears Crucial Support as Selling Pressure Rises

The one-hour chart for SpaceX stock shows that the price is approaching the support at $141. If SPCX stock closes below this support, it will have completed a rounded top pattern that could trigger another downtrend to $138.

The Bollinger Bands on the one-hour chart are also widening. These widening bands suggest that SpaceX stock is facing increased volatility in the short term.

The RSI reading of 35 suggests that the momentum is favoring bears who could be positioning ahead of the Federal Reserve’s decision on interest rates, where traders are expecting a 25 basis point increase in interest rates.

Still, SpaceX stock price is touching the support at the lower band, which usually suggests that the stock might be oversold.

If the sellers are at exhaustion, the downtrend could ease, and SpaceX stock price might move to test the resistance at the middle Bollinger band at $147. Moving above the middle Bollinger band could suggest the uptrend is returning, and SPCX stock price might move up to collect liquidity at $153.77.