This has been an exciting year for stock market investors, and few companies exemplify this more than Space Exploration Technologies (NASDAQ: SPCX). The diversified technology giant went public at a record valuation of $1.77 trillion, driven by optimism about its space and generative artificial intelligence (AI) businesses. Recent results haven’t disappointed.

But will SpaceX’s booming operational growth reward investors? Let’s dig into the pros and cons of the stock to decide if it can maintain its momentum and try to project what the company might be worth by the end of next year.

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