SpaceX’s $800 Price Target Explained | Raleigh News

SpaceX stock is down 50% from its IPO peak, but Raymond James remains wildly bullish, setting an $800 price target that could make it the most valuable company ever — outpacing even Apple and Nvidia. Their confidence stems from Starship’s 13th test flight, where the ship survived splashdown, deployed Starlink satellites, tested its heatshield, and relit an engine in space — all critical steps toward reusability. CFO Bret Johnsen insists rocket reuse is the core of SpaceX’s strategy, aiming for a 10x cost drop over Falcon rockets. The next big hurdle? Catching Starship with the tower for full reusability. But with Elon Musk’s history of ambitious, often delayed goals — and SpaceX burning cash on Starship and AI while Starlink profits — investors are left wondering if this massive valuation potential will ever materialize. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7bb580c275553813