SpaceX Surpasses All S&P 500 Stocks with 39.2x Revenue Multiple on June 18

According to analysts' revenue multiple estimates, SpaceX became the most expensive stock on U.S. markets as of Wednesday (June 18), with a 2027 revenue multiple of 39.2x, surpassing all S&P 500 components. By comparison, Tesla trades at 12.6x and Palantir at 28x the same metric.

Oppenheimer analyst Timothy Horan raised SpaceX's price target to $250 per share on Thursday, compared with Wednesday's close of $185, implying approximately 35% upside. Horan stated the company will leverage its engineering and manufacturing expertise to become a global leader in communications, cloud computing, and AI infrastructure.