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Financial Times
RayJay thinks SpaceX will soon be worth $10tn
Raymond James has recently initiated coverage on SpaceX with a strong buy rating and an ambitious price target of $800 per share. This optimistic prediction derives from the belief that SpaceX's Starship technology will redefine industrial infrastructure by significantly lowering the cost of access to orbit. Analysts predict that with this innovation, SpaceX could achieve over $837 billion in annual revenues by 2031, positioning the company to surpass a $10 trillion market capitalization, far exceeding that of current industry giants like Apple and Nvidia. Such a valuation signals the transformative impact of SpaceX's technologies, which could reshape multiple sectors including energy, national security, and AI, thereby creating extensive economic opportunities and industrial growth.
Act nowConfidence: HighLong term horizon
Published 9 Jul 2026, 12:41 UTC3 min read
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Summary
TL;DR
- Raymond James sets SpaceX price target at $800 per share.
- Forecasts indicate more than $837 billion in annual revenues by 2031.
- SpaceX's market cap could exceed $10 trillion, surpassing Apple and Nvidia combined.
- Starship technology could reduce launch costs by over 99%.
- The service aims to transform space access into an industrial platform.
Interesting facts
- RayJay's price target is nearly four times that of Goldman Sachs.
- Anticipated annual earnings before interest, taxes, depreciation, and amortization could reach $696 billion by 2031.
- Starship is seen as a pivotal innovation, likened to the impact of railroads and the Internet.