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

An Oppenheimer analyst argues that SpaceX’s rapid expansion of computing infrastructure gives it a distinct edge in the artificial-intelligence race. Beyond its core rocket and satellite operations, the company is building out substantial compute capacity—and, according to the analyst, large technology players are already paying a premium to access it. That dynamic, the analyst suggests, could double the company’s value over time.

The market angle here is diversification. SpaceX is known for launching hardware into orbit, but an AI-driven data-center business would make it a seller of high-demand computing services on the ground. Analysts who follow private-market valuations look for unique, hard-to-replicate assets. If SpaceX can combine its engineering culture with large-scale GPU clusters, it may capture demand from cloud giants and AI developers seeking alternatives to dominant providers.

What to watch next is whether that compute demand is durable or simply a burst of spending. Crucially, investors should track SpaceX’s pace of infrastructure deployment, the pricing power it maintains with tech tenants, and whether this becomes a meaningful revenue line distinct from launch services. As with any fast-moving expansion, execution risk and capital intensity are key questions—not just the bullish narrative.