Wall Street has sharply raised its 2027 revenue forecast for SpaceX to $100 billion, up from $70 billion just months ago, driven by faster-than-expected growth in the company's artificial intelligence unit. Analysts now expect SpaceX's AI business to generate $60 billion in 2027 revenue, up from a previous estimate of $38 billion. Projected 2027 core earnings have also jumped from $28 billion to $59 billion.
Updated valuation models place SpaceX stock between $140 and $200 per share, well above the original $90 post-merger target. By 2031, Wall Street projects $530 billion in AI-related revenue, versus early estimates closer to $150 billion.
NYU finance professor Aswath Damodaran cautioned that SpaceX's current AI growth relies heavily on renting computing capacity to outside clients such as Google and Anthropic. He argued this model has limits because winning in AI requires generating revenue from AI agents and subscription or usage fees, not just leasing infrastructure.
Separately, Elon Musk said he is "highly confident" SpaceX will launch Nvidia Vera Rubin NVL72 AI computers into orbit in 2027. The orbital AI satellites, called Starmind, will use solar power, radiator cooling, and laser links based on Starlink technology. SpaceX is using Nvidia chips exclusively for its AI infrastructure, and Nvidia held a $21 billion investment in SpaceX as of mid-2026.
SpaceX's Nasdaq 100 weighting is projected to more than double from 1.28% to 2.82%, potentially triggering billions in passive fund buying. The stock closed 2% higher at $151.21 on Friday, its third straight weekly gain, despite earlier premarket weakness.
