SpaceX Shares Surge Past $165 on Microsoft Deal Hopes

SpaceX shares have climbed back above $165, regaining momentum as Wall Street analysts grow increasingly optimistic about the company's computing business. The potential demand from Microsoft for computing capacity has emerged as a key catalyst, with talks between the two companies reported during the summer. While Microsoft has declined to comment, a potential agreement could significantly boost SpaceX's revenue, which is already projected to grow substantially in the coming years.

Analysts expect SpaceX's computing-related revenue to surge from approximately $24.6 billion in 2026 to $115.1 billion in 2027. This ambitious forecast implies nearly fivefold growth and would require SpaceX to add more than $90 billion in revenue within a single year. The company already has major customers, including Anthropic and Alphabet, with another unidentified customer expected to begin paying roughly $1.11 billion per month in December.

Wall Street sentiment toward SpaceX has strengthened, with Morgan Stanley, TD Cowen, and Pivotal Research setting ambitious price targets. These forecasts suggest significant upside from current levels, although they rely heavily on aggressive assumptions about future computing and launch revenue. Additionally, SpaceX's Starship program remains a critical long-term opportunity, though it faces execution risks that could impact its valuation.

The company's shares reversed sharply higher during the U.S. session, gaining about 0.5% and extending their recovery following a volatile August. The move pushed SpaceX stock above the $150 level, an important technical barrier that had limited the recovery. For now, $150 has become an important technical reference for SpaceX stock, with $200 firmly on investors' radar.