- The SpaceX share price ended the day at $141.50 amid recovering technicals and rising revenue predictions.
- The predictions for SpaceX revenue have been made by Morgan Stanley, which is expecting a $300 stock price target.
- Elon Musk has predicted that SpaceX will record revenues of $3.5 trillion by 2033.
SpaceX stock closed at $141.50 after a session marked by moderate volatility, while attention shifted toward the company’s projected revenue growth and Morgan Stanley’s assessment of future catalysts.
Based on Google Finance data, the stock gained 0.45% during the session, trading between $138.00 and $143.00. In after-hours trading, it declined 0.39%, or $0.55, to around $140.95.
The latest trading activity came as technical indicators showed the stock recovering from a previous decline while remaining below several key resistance levels.
SpaceX Stock Remains Above Key Moving Averages
The daily chart shows a recovery after the stock fell sharply, reaching a low near $105.00. The subsequent rebound has placed the price above several technical support levels.
Source: Google Finance
At $141.50, the stock was above its 20-day simple moving average of $134.54. It was also slightly above the 20-day exponential moving average at $141.12 and remained above the 50-day EMA at $136.27. These moving averages represent nearby levels that the stock was holding at the latest close.
The Bollinger Bands also indicated narrowing volatility. The lower band was positioned at around $113.73, while the upper one was at $155.34. The reason for the narrowing is the rebound from lower support.
The relative strength index offered an additional indicator of the current momentum. The 14-day RSI was 54.79, keeping the indicator below the 70 level associated with overbought conditions.
Fibonacci Levels Put $147.57 in Focus
The stock was also testing the 0.236 Fibonacci retracement level at $141.10. The latest close of $141.50 placed the price slightly above that level.
The next Fibonacci levels identified on the chart were $147.57 at the 0.382 retracement and $152.88 at the 0.5 retracement. Further overhead levels included $158.18 at the 0.618 retracement and $175.30 at the full extension.
These levels provide the principal technical reference points identified in the supplied chart analysis. The current price remains below the upper Bollinger Band at $155.34 and the higher Fibonacci levels.
Morgan Stanley Identifies SpaceX Revenue Catalysts
Alongside the technical developments, Morgan Stanley has highlighted revenue opportunities that it says have not been fully reflected in the company’s valuation.
The investment bank has said SpaceX could generate $3.5 trillion in revenue by 2040. Elon Musk has since projected that the company could reach the same revenue figure by 2033. Musk previously forecast that SpaceX could generate $1 trillion in revenue by 2030 and said the company could potentially reach that figure by 2029.
SpaceX reported $7.8 billion in revenue for the second quarter of 2026. Its full-year revenue for 2025 was $18.67 billion.
The company’s acquisition of Cursor has also featured in the revenue outlook. SpaceX CFO Bret Johnsen said the company could reach a $100 billion annualized revenue run rate by the end of 2026 following the acquisition.
Morgan Stanley has separately pointed to a $100 billion Starbase facility in Louisiana as a catalyst that it believes has not yet been fully priced into the stock. The investment bank described the stock as “attractively valued” and highlighted the potential scale of Starship.
Starship Launch Projections Support Revenue Forecast
Morgan Stanley’s projections also include a significant increase in Starship activity. Its analysis estimates that SpaceX could conduct 5,800 Starship launches annually by 2040 if the company operates two launches per pad each day.
The projected launch activity is part of Morgan Stanley’s assessment that supports its $3.5 trillion revenue forecast for 2040. The analysis connects the potential increase in launch frequency with the company’s projected long-term revenue growth.
Morgan Stanley has reiterated a $300 target for SpaceX stock. The bank has also presented a bull-case target of $600 per share, with the Cursor acquisition identified as one factor that could support additional gains.
For now, the stock remains around $141.50 after the latest session, while its technical indicators show a recovery from the previous decline and continued trading around key moving averages and Fibonacci levels.
FAQs
What was SpaceX’s stock’s latest closing price?
SpaceX stock closed at $141.50, representing a 0.45% daily gain.
What was the after-hours price?
The price fell by 0.39% or $0.55 in after-market hours to $140.95.
What is the present RSI of SpaceX stock?
The RSI was 54.79 based on 14 days, which is less than 70 levels indicating an overbought market.
What is the projected revenue of SpaceX?
Elon Musk is hopeful that SpaceX could achieve $3.5 trillion of revenue in 2033.
