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SpaceX shares closed above $200 once in the period covered by a Motley Fool article published October 4, 2026: at $211.39 on June 16, 2026. The article’s prediction that the stock will close above $200 again before 2028 is a forecast, not a confirmed outcome. Its case depends on quarterly revenue growing to about $10.4 billion while the stock’s sales multiple stays unchanged.

When did SpaceX stock close above $200?

The Motley Fool reported that SpaceX closed above $200 exactly once in the price history it reviewed: at $211.39 on June 16, 2026. That count is attributed to the article; it has not been independently reconstructed from a full exchange daily-close series here.

SpaceX said trading in its Class A common stock began June 12, 2026, on the Nasdaq Global Select Market and Nasdaq Texas under ticker SPCX. The IPO offer price was $135 per share. SpaceX’s IPO pricing announcement gives the listing and offer details.

What would it take for SpaceX stock to get back above $200?

Daniel Sparks’s Motley Fool analysis starts from a share price of roughly $151 and estimates that a rise of about 33% would put it at $200. In his model, quarterly revenue would need to reach roughly $10.4 billion if the sales multiple—the relationship between the company’s sales and its market valuation—did not change. That is an author’s scenario, not company guidance or a guarantee that revenue at that level would produce a $200 share price.

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The comparison in the article is reported second-quarter 2026 revenue of $7.8 billion, described as 92% higher year over year. Its figures were not independently reconciled here to SpaceX’s quarterly filing. The gap between reported revenue and the author’s scenario is about $2.6 billion per quarter.

What supports the bullish case?

The article points to growth in connectivity and possible contributions from AI and cloud services. It reports second-quarter connectivity revenue of $4.3 billion, up 66% year over year, and 12 million Starlink subscribers at the end of June. These are figures reported by the article, rather than independently audited figures in this account.

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Sparks also cites $6.7 billion of newly contracted cloud-services revenue over a six-month period and a management target of $100 billion in annualized revenue run rate by year end. In the article’s account of an August results call, CFO Bret Johnsen said: “We believe this puts us on a trajectory, including contribution from Cursor, to reach $100 billion of ARR, or annualized revenue run rate, by the end of this year.” The statement and figures are attributed to that account; a call transcript was not independently checked here.

Contracts and run-rate targets can indicate potential demand, but they do not establish when revenue will be recognized or that the market will keep valuing each dollar of revenue at the same multiple. A target share price depends on both business results and the valuation investors assign to them.

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What could keep the shares below $200?

Cloud revenue may be less durable than the infrastructure

The article says cloud-services agreements can generally be canceled on 90 days’ notice after an initial period. That creates a mismatch if customers leave: revenue could decline more quickly than the infrastructure costs required to provide the service. Short commitments are a particular concern when a company is making large, long-lived investments to serve them.

Spending is substantial

The article reports second-quarter capital expenditure of $18.4 billion, including $15.8 billion for the AI segment. High spending can support future capacity, but it also raises the stakes if demand, utilization, or returns fall short of expectations.

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The valuation multiple can change

The $10.4 billion revenue scenario assumes an unchanged sales multiple. If investors become less willing to pay for each dollar of sales—for example, because contracts seem less secure or investment returns disappoint—revenue growth alone may not be enough to lift the share price to $200.

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What did SpaceX say it would fund with IPO proceeds?

SpaceX’s 2026 IPO roadshow materials filed with the SEC list intended uses of proceeds including AI compute infrastructure, launch infrastructure and vehicles, expansion of satellite-constellation scale and capacity, and general corporate purposes. These are stated intentions, not evidence that the investments will deliver a particular return.

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How to read the prediction

The forecast is best understood as a conditional scenario rather than a price promise. Its key assumptions are that quarterly revenue can approach about $10.4 billion before 2028 and that the sales multiple will hold. To assess whether those assumptions are becoming more plausible, readers can track reported revenue and segment growth alongside contract duration, customer concentration, capital spending, and evidence of revenue recognition.

The cited close, operating figures, contract terms, and projections may be updated or reported differently in later filings. The claim that the stock closed above $200 once and the valuation calculation belong to the October 4, 2026 Motley Fool article; they should not be read as an independently verified price-history audit or investment recommendation.

Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.