This Ai Stock Can Soar

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This Ai Stock Can Soar

This AI Stock Can Soar 129% In The Next Few Years

Space Exploration Technologies (SpaceX) stock price is down by more than 30% from its high. Despite this bearish trend, analysts think SpaceX stock is deeply undervalued.

The median target price derived by 40 analysts is $217. That means the analysts are expecting an upside of 60%-65% from the current levels.

SpaceX Plans To Build Orbital Data Centers

Analyst Adam Jonas from Morgan Stanley is more optimistic than others. He has set a price target of $300 for the SpaceX stock. That means an upside of 129% from the current levels.

SpaceX is basically involved in three sectors: Space, AI, and connectivity. SpaceX already has a competitive moat in the reusable rockets market.

SpaceX has managed to reduce the cost of launching payloads. This alone makes it the best option for those who want to launch their payloads into space. This also helps SpaceX to expand its Starlink network.

Elon Musk also has plans to build orbital data centers. If this turns out to be true, it would solve the cooling and power problems. Right now, SpaceX is the only company that can go ahead with orbital AI compute at scale.

Morgan Stanley analyst thinks SpaceX has an edge when it comes to launch economics, satellite network, and AI infrastructure. The analyst commented that it is the only company that can link global connectivity, orbit, and computing into a single infrastructure stack.

Morgan Stanley's analyst added that SpaceX's revenue will touch $319 billion by 2030. This alone will be enough to push the SpaceX stock price higher.

But if we look beyond these optimistic forecasts, the reality is very different. SpaceX is burning cash, and the talks of AI infrastructure are still theoretical. That's why SpaceX stock should only be bought by those who are willing to take the risk and are long-term investors.

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