SpaceX’s big AI advantage is why this analyst thinks the stock could double

Oppenheimer analysts point to SpaceX’s aggressive build-out of computing infrastructure as a key differentiator in the AI race. According to the firm’s research, the pace at which SpaceX is adding capacity gives it a structural edge—one that goes well beyond its core launch and satellite businesses.

The report also highlights a growing revenue stream: major technology companies are reportedly paying premium rates to access SpaceX’s computing power. This shift effectively positions the company as a provider of high-performance AI infrastructure, not just a space transport firm. For investors, that distinction matters because it suggests a more diversified, higher-margin opportunity set.

If these trends continue, Oppenheimer argues, the market may be underpricing SpaceX’s potential—hence the view that the stock could substantially appreciate. However, such projections depend on sustained demand, execution in scaling infrastructure, and competition from established cloud providers. For now, the key watchpoint is whether SpaceX can translate its rapid build-out into durable, contract-backed revenue.