Evercore ISI raises SpaceX price target to $275 from $230
Per Evercore's Kutgun Maral: AI compute growth and a looming Starship reuse milestone justify 87% upside.
what happened
Evercore ISI analyst Kutgun Maral raised his SpaceX (Nasdaq: SPCX) price target to $275 from $230 while maintaining an Outperform rating, implying about 87% upside, per Yahoo Finance and Investing.com. Maral raised Evercore's 2029 adjusted EBITDA estimate to $266 billion from $210 billion, modeled SpaceX closing 2026 with $104 billion in annualized recurring revenue, and raised the firm's 2027 AI-compute capacity forecast to 6.5 gigawatts from 5.7 gigawatts. Maral said he expects Starship's reuse to be demonstrated within the next few flights.
why it matters
This is one analyst's bullish read tied to SpaceX's AI-compute and Starship-reuse trajectory, not a fact about the company's underlying business, but the scale of the EBITDA and compute revisions is a data point for anyone pricing SpaceX-linked equity, debt, or supplier equity comp.
signal-to-noise
quick facts
- Companies
- SpaceX
- Category
- financial
- Impact
- notable
- SNR
- 4 / 5
- Event date
- 2026-10-16
- Published
- 2026-10-16 17:32 UTC