Goldman Sachs Raises SpaceX Price Target to $230 Citing Artificial Intelligence Growth

Goldman Sachs increased its 12-month price target on SpaceX to $230 from $220 while maintaining a Buy rating, citing upgraded capacity, revenue, and margin projections across its artificial intelligence operations. The upward revision represents an estimated 32.72% upside from recent pre-market levels near $173.30. SpaceX shares closed at $171.92 on Oct. 6, having rebounded from lows near $120 and gaining more than 26% since its initial public offering. Institutional sentiment remains bullish, supported by reports that SpaceX is exploring a potential $40 billion financing package to acquire Nvidia processors.