SpaceX (NASDAQ:SPCX) stock price jumped by 19% on its first day as a publicly-traded company, with its valuation crossing the $2 trillion mark as most analysts were expecting.
Analysts Have Mixed Opinions on SpaceX Stock
The company has attracted mixed opinions, with some analysts predicting that it will keep soaring in the long-term. For example, Goldman Sachs (NYSE:GS) predicted that its revenue will jump by 100x by 2030. Other bulls cite its large total addressable markets in key areas like launch, broadband internet, and AI.
However, Morningstar (NYSE:MORN) argued that the company was increasingly overvalued. Its estimate was that the stock's real value was below $1 trillion.
Jim Chanos, the famed short-seller who blew the whistle on Enron, warned that the elevated valuation made no sense. He pointed to its losses and its 2025 revenue of $18 billion.
