Argus Upgrades SpaceX to Buy with $160 Target on 92% Revenue Growth

Argus Research upgrades SpaceX to 'Buy' with a $160 target, citing 92% YoY revenue growth to $7.8B and projected $100B run rate by late 2026.

Woofun AI reports that Argus Research upgraded its rating for SpaceX from 'Hold' to 'Buy' on August 7, establishing a price target of $160. The firm cited SpaceX's $7.8 billion revenue, which marks a 92% year-on-year increase, and projected annual revenue nearing $100 billion by the end of 2026.

SpaceX shares, currently trading around $110, have experienced significant volatility since their June 2026 IPO. Argus attributes the positive outlook to growth in space launch services, the Starlink satellite network, and AI infrastructure integration, despite risks from rising AI expenditures and market fluctuations.