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

Goldman Sachs has lifted its SpaceX stock price target to $230 from $220, reaffirming its buy rating in a Tuesday note. This updated target indicates roughly 37% upside relative to Wednesday’s close and exceeds the previous all-time high by about $5. Jim Cramer supported the adjustment, noting that with the SpaceX stock price hovering near $167 at the time of writing, the revision lends additional credibility to the forecast.

यह भी पढ़ें: SpaceX स्टॉक पूर्वानुमान: नीडहम का अनुमान $250, बर्नस्टीन का $248, BofA का $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.”

SpaceX shares endured a difficult summer following their record-setting IPO. After achieving a peak of $225.64 on June 16, the stock plummeted to a low of $104.83 by early August. At that time, Cramer characterized Goldman’s previous $220 SpaceX stock price target as more aspirational than analytical. Increasing the target while shares trade significantly below that level suggests to him that the initial valuation is gaining validity.

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

According to FactSet data, shares currently trade at approximately 137 times estimated earnings per share for the next 12 months. Cramer explained that this valuation accounts for several growth drivers, ranging from Starlink and reusable launch services to long-term data center initiatives. Furthermore, SpaceX leases excess computing capacity to firms including Anthropic and Alphabet’s Google, an operation that forms a core component of the bull thesis supporting the elevated price target.

Media reports indicate that SpaceX aims to secure an additional $40 billion to purchase Nvidia chips. The Financial Times, which initially reported the development, noted that the financing 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

Cramer still considers the stock too speculative for inclusion in his Charitable Trust. Nevertheless, he noted that the company’s progress makes its long-term potential increasingly tangible, aligning with a rising price target:

“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.”

At present, Goldman’s SpaceX price target stands roughly $63 above Wednesday’s close. The broader forecast relies on Starlink, launch operations, and compute capacity expanding swiftly enough to support that 137x multiple, though the summer pullback demonstrated how rapidly market sentiment can shift. Even so, Jim Cramer’s latest remarks indicate that the $230 target appears considerably more grounded than the $220 objective did in August, when the stock sat more than 50% below its peak. From Cramer’s perspective, the new target signals that the bull case is progressing ahead of schedule.