SpaceX Stock Price Hinges on Starship Launch and Fed Decision

SpaceX's stock price is set for a potentially volatile week due to various macro pressures, a larger weighting in the Nasdaq index, and a new Starship launch scheduled for September 18. The upcoming events include the launch of Starship Test Flight 14 from Starbase in Texas, which could be a catalyst for SpaceX stock movements this week.

Additionally, the Nasdaq is rebalancing its index at the end of September, and SpaceX could receive a larger weighting, which may trigger billions of dollars in buying by passive funds on the index. However, one analyst notes that the gains from this event may begin earlier as traders front-run it.

The Federal Open Market Committee (FOMC) meeting taking place on September 15-16 after the release of the US CPI print could also move SpaceX stock price. Data from CoinGape prediction markets shows an 80% chance that the Fed will hike rates by 25 basis points, which may push SpaceX stock price below $140 if the market has not already priced in this event.

Analysts are split on where the SpaceX stock price is headed next week. One analyst notes that as the company's revenue grows, especially with the new bullish forecast of a $100 billion ARR by year-end by the company's CFO, it could extend its gains above $148. On the other hand, another analyst predicts that the shares might drop to $117 in the next 12 months.