Key Insights:
- SpaceX stock price concludes the week with a 2.16% drop.
- SpaceX stock could see further upside if the company achieves its $100B ARR target, which Deutsche Bank analyst Edison Yu says is “very achievable.”
- Analyst predicts a 2,000% plus SpaceX revenue growth
SpaceX stock (NASDAQ: SPCX) price just concluded the week in the red after previously kicking off August on a bullish leg, raising optimism about recovery. This was despite another successful launch of 27 new satellites, which failed to trigger substantial investor excitement.
For context, the SpaceX stock price cooled by 2.16% from its opening to closing price this past week. The stock price hit a weekly high of $149.8 on Monday, and it fell as low as $130 on Thursday.
August 2026 has been critical in determining the next direction of the SPCX stock price. This is because the stock had been in a steep decline after its peak in mid-June.
Many analysts have been waiting for the stock to fall below $100 before they could FOMO back at double-digit prices. However, the stock bounced back just above that level after bottoming out at $104.
Eye on SpaceX Stock Price After Deutsche Bank Issues Revenue Projection
The weekly stock price performance signaled that demand cooled after the early-August bounce. Perhaps an indication of uncertainty behind the recovery. However, a recent Deutsche Bank prediction may offer a much-needed confidence boost.
Deutsche Bank analyst Edison Yu believes SpaceX could more than triple its average recurring revenue (ARR). That would translate to a jump from around $31.3 billion to $100 billion.
Analyst Shay Boloor stated that AI is rapidly becoming a major revenue segment for SpaceX in its next stage of growth. As a result, revenue growth is relying less on SpaceX launches.
The company’s plans to rapidly scale up AI compute are the primary reasons behind the optimistic ARR projections. This is why launches have taken a bit of a back seat in determining revenue projections.
Speaking of SpaceX launches, the company just launched 27 new satellites. The company currently has over 2,000 new satellites.
Deutsche Bank’s prediction may provide fuel for the next leg-up for the SPCX stock price. But just how far could the stock price rally?
SpaceX Stock Price Predictions
While Deutsche Bank predicts a solid revenue gain for the remainder of 2026, it did not provide a clear price forecast. Bearish prospects have certainly declined despite prior expectations.
The probability of SPCX stock price hitting $100 has so far dropped to 3%, and is even lower for sub-$100 prices, according to Polymarket. On the other hand, long-term bullish prospects remain heavily optimistic.
Ticker Take brand founder John Erlichman recently shared long-term revenue growth projections for top US tech stocks. SpaceX topped John’s list, with a 2090% revenue gain projection for the next 5 years.
Interestingly, SpaceX is the only company whose revenue is projected to grow 4-digit. NVIDIA was the runner-up with a 288% revenue growth projection.
These revenue predictions underscore a complete shift from the FUD around the company. If the revenue growth projections are anything to go by, then this could be positive news for the SPCX stock price.
Robust revenue figures in the short and long term could be the foundation that the SpaceX stock price needs to support healthy upside. Analysts will be closely watching the stock price to see whether the revenue projections will impact it on Monday.
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