SpaceX (NASDAQ: SPCX) has attracted a notable price target from one of Wall Street’s most closely watched technology analysts, signaling strong potential gains for investors.
Dan Ives, formerly the global head of technology research at Wedbush Securities, set a $190 price target on SpaceX stock before departing the firm in July to launch what he described as a merchant bank.
Ives wrote in a note shared by Yahoo Finance that SpaceX is “well-positioned to become a major hyperscaler with its vertically integrated platform across connectivity, launch, and AI infrastructure.”
SpaceX’s second-quarter 2026 earnings report provided updated figures across each of its core business segments, painting a picture of a company growing rapidly on multiple fronts.
The connectivity business, anchored by satellite internet service Starlink, now counts 12 million subscribers and operates more than 10,000 satellites in orbit around Earth.
Starlink generated $4.3 billion in revenue during the second quarter, representing the bulk of SpaceX’s total quarterly sales of $7.8 billion.
The space launch business, which SpaceX refers to internally as its space segment, generated $962 million in revenue thus far in 2026 and serves as the operational engine powering satellite deployments and future orbital data centers.
SpaceX’s AI business segment emerged as a standout performer, generating $2.6 billion in second-quarter revenue, a 247% increase from the same period in the prior year.
The company has entered into several agreements to provide computing capacity to outside firms, totalling $14.1 billion in contracted sales, with $1.6 billion in revenue from those agreements recognized in the second quarter alone.
SpaceX closed at $133.11 per share on August 7, meaning a $10,000 investment at that price would yield approximately 75 shares through fractional investing.
If the stock were to reach Ives’ target of $190, an investor who bought shares at the August 5 closing price of $108.27 would see their stake grow to approximately $14,250, representing a gain of around 42%.
For broader context, the median price target among the 37 analysts tracked by CNN sits at $217 per share, with the highest target reaching $800 and the lowest set at $75.
Price targets from analysts do not guarantee where a stock will ultimately trade, but they offer investors a framework for weighing potential rewards against risks.
SpaceX’s rapid expansion across connectivity, space launch, and AI infrastructure positions the company as one of the more closely watched growth stories in the technology and aerospace sectors right now.
