SpaceX (SPCX) is drawing attention on Wall Street ahead of its long‑awaited IPO on June 12. New Street analyst Pierre Ferragu has started coverage with a $165 price target, calling the Elon Musk‑led company one of the strongest growth stories in tech and aerospace. The target points to about 22% upside from the proposed IPO price of $135 and reflects a $2.3 trillion valuation after the Cursor acquisition.Introducing TipRanks MCP for Agents Deliver institutional-grade market data directly into Claude, ChatGPT, Cursor, and other MCP-compatible AI tools. Designed for personal research, portfolio monitoring, and AI-assisted investment workflows.
Looking ahead, the Top analyst said the upside could be much higher. If SpaceX’s market grows to the high end of its estimates, the stock could be worth up to $330, which is more than twice the planned IPO price.
Interestingly, Ferragu ranks 556 out of more than 12,200 analysts tracked by TipRanks. He has an overall success rate of 67%, with an average return per rating of 22.5% over a one-year timeframe.
Strong Long-Term Revenue Outlook
Ferragu’s model shows SpaceX could bring in $195 billion in revenue and $65 billion in EBIT by 2030. He said that SpaceX’s mix of launch services, satellite internet, and AI‑driven data infrastructure gives it an edge across several trillion‑dollar markets.
