SpaceX Stock Finally Breaks Out of a 30-Day Price Dump, Will It Last?

SpaceX (SPCX) stock traded back above its $135 IPO price on Monday for the first time in nearly a month. Shares changed hands near $138, up more than 4%, according to TradingView data.

Two forces collided to get it there. Deutsche Bank doubled down on the company's boldest revenue promise, just as small investors quietly began cashing out.

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Deutsche Bank Maps the Road to $100 Billion

SpaceX wants to reach $100 billion in annual recurring revenue (ARR) by December. ARR projects the latest repeat sales over a full year.

The target sounds extreme. Deutsche Bank analyst Edison Yu argues it can happen.

"As a baseline, 2Q's [ARR] run-rate was just $31 billion, meaning management is aiming to more than triple that in just six months. We see this target as likely very achievable, driven mainly by neocloud and Cursor contribution," Yu made the case in a Monday note, alongside a Buy rating and $235 price target.

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