ChatGPT predicts SpaceX stock price for Starship's first full orbital flight

SpaceX (NASDAQ: SPCX ) is scheduled to attempt to reach a technological milestone with the Starship Flight Test 14 and, according to ChatGPT’s advanced artificial intelligence ( AI ), the launch can also constitute a stock market milestone. Specifically, the AI model explained that both the past significance of flights – and of the cancellation of tests – and the reporting and regulatory filings indicating substantial advancements have been made signal that a rocket-driven rally is likely in the near future. Additionally, ChatGPT highlighted SpaceX stock’s recent performance as a sign that the market is already pricing in success, as evidenced by the ‘broadly bullish’ technical indicators . ChatGPT highlights SpaceX stock momentum and bullish setup ahead of Starship launch. Source: Finbold & ChatGPT Still, the AI warned of several risks and limiting factors. To begin with, the platform also highlighted that the technicals hint at SPCX shares already being slightly overbought and that the insider unlock schedule represents a genuine ‘wild card.’ ChatGPT simultaneously highlighted that the current diversity of the SpaceX business – rockets, communications, social media, and AI – can dilute the impact of the Starship Flight Test 14, especially when paired with the exceedingly high expectations for the company already represented in the valuation. Thus, as the AI explained, ‘ Starship achieving orbit should cause a large repricing, but not an unlimited one.’ Lastly, ChatGPT also revealed exactly what kind of repricing it is anticipating if the flight is successful: a 20.21% rally from the last close at $149.74 to $180. ChatGPT sets SpaceX stock price target for after the Starship flight. Source: Finbold & ChatGPT SpaceX stock price performance Elsewhere, the September Starship launch could provide an additional bullish catalyst amidst the already strong SpaceX stock price rally. Indeed, SPCX shares have, after spending the second half of June and most of July on a severe downtrend, enjoyed a substantial recovery through August . The uptrend, driven by strong earnings and an apparent lack of substantial insider selling despite the unlocks, led SpaceX to rise 38.17% in just over a month and meet the September 3 closing bell at $149.74. SpaceX stock price performance. Source: Google Still, though the Friday pre-market pushed the equity slightly above its first-ever opening price of $150, it remains 6.96% in the red relative to the day-one close of $160.95. Featured image via Shutterstock