SpaceX Stock Price Target Raised to $230 by Sacks: Cramer Reacts

Goldman Sachs has elevated its price target for Space Exploration Technologies to $230 per share from $220, maintaining its buy rating in a note issued Tuesday. This updated $230 target represents roughly a 37% potential upside from Wednesday’s closing price and stands about $5 higher than the company’s all-time peak. Jim Cramer expressed support for the adjustment, noting that with the stock trading near $167 at the time of publication, the revision reinforces the overall forecast.

Also Read: SpaceX Stock Forecast: Needham Sees $250, Bernstein $248, BofA $235

SpaceX Stock Forecast: $230 Target, Goldman Sachs and Cramer’s View

Why Cramer Says The New SpaceX Stock Price Target Matters

The “Mad Money” host remarked on Wednesday:

“Taking price target up, Space Exploration Technologies. Get used to hearing it.”

Following its record-breaking initial public offering, the equity experienced a volatile summer. After reaching a peak of $225.64 on June 16, shares plummeted to a low of $104.83 by early August. At that time, Cramer characterized Goldman’s previous $220 target as more wishful thinking than rigorous analysis. However, pushing the target higher while shares trade well below that level suggests to him that the initial valuation is gaining credibility.

Cramer commented:

“The $10 bump from $220 to $230 ratified their previous $220 figure, which means something with the stock at $167. Maybe there really is some rigor to this analysis.”

Starlink, Rockets And AI Compute Fuel The SpaceX Stock Forecast

Data from FactSet indicates that the shares currently change hands at approximately 137 times estimated earnings per share for the next 12 months. According to Cramer, this valuation incorporates multiple growth avenues, ranging from Starlink and the reusable rocket enterprise to long-term data center initiatives. Furthermore, SpaceX leases excess computing capacity to entities such as Anthropic and Alphabet’s Google, a venture that forms a core component of the bullish thesis supporting the elevated price target.

Media reports indicate that the company aims to secure an additional $40 billion to purchase more Nvidia hardware. According to the Financial Times, which initially broke the news, the financing structure could comprise $10 billion in bank loans alongside $30 billion in investment-grade debt.

Cramer stated:

“Why not [do it]? Musk can immediately monetize these chips. SpaceX could end up being Nvidia’s largest client at this pace. That’s fantastic news for both sides.”

What The SpaceX $230 Price Target Means For Investors

Despite these developments, Cramer still considers the equity too speculative for his Charitable Trust. Nevertheless, he noted that the firm’s advancements are rendering its potential increasingly concrete, a sentiment echoed by the upward revision of the price target.

Cramer noted:

“Club members, stay tuned, because it’s becoming more and more likely that SpaceX could come to fruition a lot earlier than Tesla ever did.”

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At present, Goldman’s target remains roughly $63 above Wednesday’s close. The overarching forecast relies on Starlink, launch operations, and compute services expanding rapidly enough to support that 137x multiple, while the summer downturn demonstrated how swiftly market sentiment can shift. Ultimately, recent commentary indicates that the $230 valuation appears far more grounded than the $220 projection did in August, when shares traded at less than half their peak value. From this perspective, the revised target signals that the bull case is progressing faster than anticipated.

?Frequently Asked Questions

01What is the new SpaceX stock price target set by Goldman Sachs?

Goldman Sachs raised its price target for SpaceX to $230 per share, up from the previous target of $220.

02How does Jim Cramer view the updated SpaceX price target?

Jim Cramer backs the move, stating that the $10 increase validates the previous $220 target and suggests the analysis has genuine rigor, even though he still views the stock as too speculative for his Charitable Trust.

03What factors are driving the SpaceX stock forecast?

The forecast is supported by growth in Starlink, the reusable rocket business, long-term data center plans, and renting excess computing power to companies like Anthropic and Google.

04Is SpaceX planning to buy more Nvidia chips?

According to media reports from the Financial Times, SpaceX aims to raise an additional $40 billion—potentially through $10 billion in bank loans and $30 billion in investment-grade debt—to acquire more Nvidia chips.

Financial Disclaimer: This article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research or consult with a licensed financial advisor before making any investment decisions.