SpaceX shares surged 28% and now trade just below the $135 IPO price, but Elon Musk's $1 trillion revenue target by 2030 demands a 115% compound annual growth rate, making 2036 a far more realistic milestone. Raymond James holds an $800 per share price target on the stock, implying potential severe undervaluation. The company's growth engines include Starship, Starlink, and AI projects such as Grok, Cursor, and Colossus, with the Terafab expected to reach full speed in 2030. Achieving $1 trillion in sales by 2030 would require all these initiatives to scale rapidly, but the timeline is considered too aggressive given the time needed to perfect first-of-its-kind AI compute satellites and scale terrestrial data center projects.
