As Space Exploration Technologies Corp. (NASDAQ: SPCX) stock remained above its IPO (Initial Public Offering) price over the past four weeks through September 2, 2026, Timothy Horan, a Wall Street analyst at Oppenheimer, is more convinced that SpaceX could rally to a new all-time high (ATH) over the next 12 months. 

Horan reiterated a ‘Buy’ rating for SpaceX stock on Wednesday. He further lifted the firm’s 12-month price target for SPCX to $280 from $250, representing a 12% raise.

With SpaceX trading at $140.03 at the time of writing, this analyst signals a potential 99.96% upside over the next 12 months. The bullish thesis rests heavily on SpaceX’s evolving identity as a vertically integrated Artificial Intelligence…