The Space Exploration Technologies\u00a0(NASDAQ: SPCX) \u2014 or SpaceX \u2014 share price has been in freefall recently. It could do with one of the company’s rocket landing ‘chopsticks’ to come in and catch it! <\/p>\n
Even then, a fair bit of damage has already been done, with the stock hovering around $110. That’s a 51% crash since mid-June. <\/p>\n
But as Warren Buffett reminds us: “If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes”. SpaceX has been public for less than 10 weeks! <\/p>\n
It’s very early days, especially for a company aiming to use the Moon as a base to build a human colony on Mars. If ever a stock needs owning for 10 years (or more), it’s this one. <\/p>\n
That said, CEO Elon Musk is predicting massive things well before 2036. This week, he said SpaceX will hit $1trn in revenue by 2030, perhaps even 2029. <\/p>\n
However, in June, Morgan Stanley ‘only’ forecast about $330bn by 2030. And one broker (Phillip Capital) just rated the stock a Sell while dishing out a $75 price target. <\/p>\n
To try and get a better picture then, I asked ChatGPT (free version) where it reckons the SpaceX share price will be by 2030. <\/p>\n
Mea culpa <\/p>\n
The AI bot gave me different future SpaceX market caps, assuming a stable share count. For reference, the current valuation sits at $1.45trn. <\/p>\n
To be fair, ChatGPT didn’t just fence-sit, as it plumped for a base case of around $225 a share by 2030. While that’s 104% above today’s price, it’s roughly where Wall Street analysts expect the stock to trade in just 12 months. <\/p>\n
I pointed this out to the bot. Somewhat ridiculously, it then issued a mea culpa and hiked its base case to $350-$400! <\/p>\n
Jokes aside, this does highlight the limitations such chatbots still display today when it comes to stocks. <\/p>\n
What’s my take? <\/p>\n
This week, SpaceX released a strong set of Q2 results. Revenue surged 92% to $7.8bn, well above the $6.8bn anticipated by Wall Street, while an adjusted loss per share of $0.09 was a lot better than expected. <\/p>\n
However, AI spending came in significantly higher than forecasts, at $15.8bn. And Starlink subscribers were a bit light, at 12m instead of 12.2m. The stock nosedived almost 14% the day after. <\/p>\n
Having listened to the earnings call though, I’m more bullish than I was. Here are some future-looking snippets that I found compelling (notwithstanding Musk’s history of overegging timelines): <\/p>\n
Starship’s heatshield problem is basically “solved”, paving the way to full and rapid reusability. <\/p>\n
With Starship, SpaceX aims to send 1m tons to orbit per year, up from 2,500 today via Falcon. <\/p>\n
Starlink could deliver a majority of the world’s internet within 10 years. <\/p>\n
Starlink Mobile is expected to win “quite a few” customers from major wireless network operators. <\/p>\n
Starmind AI satellites, incorporating Nvidia hardware, are being deployed next year. <\/p>\n
In the present, airlines Southwest, Virgin Atlantic, Iberia, and Aer Lingus have signed up for Starlink. And over $6bn in US government\/defence contracts were secured in Q2. <\/p>\n
Delayed timelines and Starship problems are key risks. But I see the long-term opportunity here as extraordinarily large, so I’ll be building out a position on dips over the next 12-18 months. <\/p>\n
Should you invest \u00a35,000 in Space Exploration Technologies Corp. – Class A right now? <\/p>\n
When investing expert Mark Rogers and his team have a stock tip, it can pay to listen. After all, the flagship Twelfth Magpie Share Advisor newsletter he has run for nearly a decade has provided thousands of paying members with top stock recommendations from the UK and US markets. <\/p>\n
And right now, Mark thinks there are 6 standout stocks that investors should consider buying. Want to see if Space Exploration Technologies Corp. – Class A made the list? <\/p>\n
\u00a0See The Six Stocks <\/p>\n
\u00a0 <\/p>\n
Ben McPoland owns shares in Nvidia. <\/p>\n
The post I asked ChatGPT where the SpaceX share price will be by 2030. It said\u2026<\/a> appeared first on The Twelfth Magpie<\/a>. <\/p>\n More reading <\/p>\n The Twelfth Magpie 2026 <\/p>\n","protected":false},"excerpt":{"rendered":"The Space Exploration Technologies\u00a0(NASDAQ: SPCX) \u2014 or SpaceX \u2014 share price has been in freefall recently. It could…\n","protected":false},"author":2,"featured_media":132728,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[580,157,12465,2707,40909,3249],"class_list":["post-132727","post","type-post","status-publish","format-standard","has-post-thumbnail","category-openai","tag-chatgpt","tag-openai","tag-price-target","tag-share-price","tag-space-exploration-technologies","tag-warren-buffett"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/132727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=132727"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/132727\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/132728"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=132727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=132727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=132727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}