SPCX Stock Price: Analyst Reveals Why SpaceX May Witness Robust Growth Ahead

The SpaceX (SPCX) stock price has closed the session near the flatline on Friday, September 25, but its weekly chart stayed in negative territory. However, despite that, it appears that the market pundits have remained optimistic about the long-term trajectory of the asset.

In a recent social media post, a renowned market expert said that SpaceX is poised for robust growth in the future. Besides, he has also compared it to Amazon and Tesla, which have seen immense growth over the past few years by evolving their operations and core business models.

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Expert Remains Bullish on SpaceX, Here’s Why

Market expert Shay Boloor recently highlighted his bullish long-term outlook for SpaceX, drawing comparisons with Amazon and Tesla. According to Boloor, the market could currently be valuing SpaceX primarily on the businesses it operates today rather than the broader platform it could develop in the future.

Meanwhile, he pointed to Amazon and Tesla as examples of companies whose market narratives evolved substantially as they developed new businesses around their existing infrastructure. Market watchers initially viewed Amazon largely as a retail company before businesses such as Amazon Web Services (AWS), Prime, and advertising became major components of its broader ecosystem.

Similarly, Tesla was primarily identified as an electric vehicle manufacturer before expanding its ambitions into areas including energy, autonomy, and robotics. In his recent X post, Boloor said that SpaceX could potentially follow a comparable trajectory as it builds businesses around its existing technological infrastructure.

He specifically identified launch services, Starlink, and artificial intelligence (AI) as areas that could contribute to the company’s future expansion. In other words, the analyst suggested that the development of these businesses could eventually lead to significant growth for SpaceX (SPCX).

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Can SPCX Stock Price Rally?

Although his comments showcase long-term confidence in SpaceX, the SPCX stock price outlook would depend on how the firm actually evolves its technological capabilities over time. For context, the comparison with Amazon and Tesla represents an analyst’s long-term thesis rather than a guaranteed outcome.

However, it appears that the market remains bullish on both the future trajectories of SpaceX and SPCX stock price. Recently, Elon Musk said that SpaceX AI will compete with Fable and GPT-6-level performance within two or three months, which has caught the eye of traders.

Given the increasing demand for AI services, it could help boost the appeal of the firm among tech enthusiasts as well as investors. Simultaneously, the financial service providers have also maintained their bullish call on SPCX stock price.

Recently, Mizuho has reiterated its buy rating for SPCX stock and provided a price target of $200 for SpaceX. Simultaneously, Morgan Stanley has provided a price target of $300, suggesting that the stock price could double from its current level around the $150 mark.