Dan Ives Says SpaceX Stock Is Worth This Much (Hint: Big Gains Ahead)

Dan Ives left Wedbush Securities in July as the global head of technology research to start what he described as a merchant bank. But before he did, he shared a price target for Space Exploration Technologies (NASDAQ: SPCX).

Here's his price target on SpaceX stock, as well as what a $10,000 investment today would look like if it hit that target.

How high SpaceX could soar

Ives has a $190 price target on SpaceX stock and wrote in a note shared by Yahoo! Finance that SpaceX is "well-positioned to become a major hyperscaler with its vertically integrated platform across connectivity, launch, and AI infrastructure."

SpaceX's 2026 second-quarter earnings report included updated figures on how those businesses are performing, which we'll look at.

In its connectivity business, SpaceX has 12 million subscribers for its satellite internet service, Starlink, with more than 10,000 satellites in orbit. The $4.3 billion in revenue the connectivity business generated in the second quarter accounted for the bulk of SpaceX's $7.8 billion in total sales for the quarter.

Thus far in 2026, its launch business, or what SpaceX refers to as its space business, has generated $962 million in revenue. While the space business may not be a primary revenue generator, it is the engine that fuels the overall business, enabling satellites and, eventually, orbital data centers to launch into space.

Finally, its AI business segment generated $2.6 billion for the second quarter of 2026, a 247% increase from the prior-year period. It entered into several agreements to offer computing capacity to other companies, totaling $14.1 billion in contracted sales, with $1.6 billion in revenue from those agreements recognized in the second quarter.

Investing $10,000 in SpaceX

On Aug. 7, SpaceX closed at $133.11 per share. With a $10,000 investment, that would yield slightly more than 75 shares through fractional investing, but we'll keep it at 75 shares to keep the example simple.

If SpaceX were to reach Ives' price target of $190 and an investor bought shares at that Aug. 5 closing price of $108.27, their investment would be worth approximately $14,250. That would be a gain of 42%.

For comparisons to Ives' price target, the median price target among the 37 analysts tracked by CNN is $217. The highest price target from the group is $800, while the lowest is $75. These price targets do not guarantee where SpaceX will trade, but they do give investors a chance to determine whether the rewards could outweigh the risks.

Jack Delaney has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.