Key Points

• SpaceX’s business continues to fire on all cylinders, but its valuation remains eye-watering.

• A potential merger with Tesla could be a game-changer. But will it actually create shareholder value?

Space infrastructure and generative artificial intelligence (AI) are two of the hottest megatrends currently taking Wall Street by storm. And Space Exploration Technologies (NASDAQ: SPCX) offers exposure to both. That said, with a market cap of $2.16 trillion, investors will naturally wonder if the company can still generate enough momentum to move the needle. Let’s dig deeper into the pros and cons of SpaceX to decide what its stock might be worth by the end of 2030.

Third-quarter earnings were a slam dunk

Whenever a company goes public…