SpaceX Just Launched Its 100th Block 5 Rocket: Elon Musk Is Building an Unshakable Financial Fortress
SpaceX (NASDAQ:SPCX | SPCX Price Prediction) designed the Falcon 9 Block 5 booster to make rockets fly more like airliners. Block 5 debuted in May 2018. It runs on 9 Merlin 1D engines that produce roughly 1.7 million pounds of…
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SpaceX (NASDAQ:SPCX | SPCX Price Prediction) designed the Falcon 9 Block 5 booster to make rockets fly more like airliners. Block 5 debuted in May 2018. It runs on 9 Merlin 1D engines that produce roughly 1.7 million pounds of thrust, and it is built to fly 10 or more times with minimal maintenance. SpaceX just flew B1100, its 100th Block 5 booster, from Vandenberg with a classified U.S. Space Force payload. The booster then landed on the Of Course I Still Love You droneship. Reusable hardware at that scale supports a balance sheet holding $93.52 billion in cash.
Shares closed at $148.68, up 6.48% over the past month. Here’s what SpaceX needs to do to hit $250 per share in 2027.
Wall Street Already Sees Nearly 50% Upside
The consensus target of $222.42 implies 49.6% upside. Analysts rate the stock 6 Strong Buy and 22 Buy, against 2 Sells. The Street expects revenue to rise from $44.8 billion in 2026 to $108.3 billion in 2027. In its first quarterly report as a public company, SpaceX beat estimates: revenue came in at $7.81 billion versus $6.82 billion expected, and EPS was -$0.09 versus -$0.29 expected.
Here’s What It Takes for SpaceX to Reach $250
SpaceX currently trades at about 80x the 2027 EPS estimate of $1.8628. At $250, that multiple would rise to roughly 134x. Adjusted EBITDA grew 191% last quarter.
SpaceX could reach $250 under certain conditions.
- Rising estimates: 90 days ago, analysts expected 2027 EPS of -$0.2360. Today they expect $1.8628, with 5 up revisions in 30 days and zero downward.
- Defense demand: SpaceX holds more than $6 billion in Starshield contracts. The FY2027 budget funds 22 Space Force and 9 Space Development Agency launches.
- AI scale: Compute capacity reached 1.4 GW, supported by $14.1 billion in cloud contracts.
- Starlink capacity: Subscribers doubled to 12.0 million. V3 satellites from Starship are expected to add significant capacity.
Main challenges are Starship losses and $18.37 billion in quarterly CapEx, both harder to brush off in a weak market.
SpaceX Has Already Traded Near $250
SpaceX is a recent IPO with no annual return record. Over the past 52 weeks, shares have traded as low as $104.83 and as high as $225.64. The stock is up 41.8% from that low, and $250 sits only 10.8% above the all-time high.
$250 Is a Stretch, But the Blueprint Exists
Reaching $250 would require a 68% gain. Wall Street projects nearly 50% upside, estimates keep rising, and a $47.50 billion backlog supports growth. If AI revenue compounds and Starship V3 delivers, $250 is within reach.
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After two decades of patrolling the dark corners of suburbia as a police officer, Rich Duprey hung up his badge and gun to begin writing full time about stocks and investing. For the past 20 years, he’s been cruising the markets looking for companies to lock up as long-term holdings in a portfolio while writing extensively on the broad sectors of consumer goods, technology, and industrials. Because his experience isn’t from the typical financial analyst track, Rich is able to break down complex topics into understandable and useful action points for the average investor. His writings have appeared on The Motley Fool, InvestorPlace, Yahoo! Finance, Money Morning, and, of course, 24/7 Wall St. He has been featured in both U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, and USA Today.
