$1,000 invested in SpaceX stock at start of August is now worth

Despite a choppy start to the month, August proved to be a strong month for SpaceX (NASDAQ: SPCX ) stock , as it saw the equity break the preceding downtrend and rally 30.57% from $108.38 at the July 31 close to $141.50 at the latest close. SpaceX stock price one-month chart. Source: Google Under the circumstances, investors who estimated that the initial SPCX upsurge would not last and instead waited for the subsequent correction , thus investing $1,000 in Elon Musk’s newer public company on August 1, would have seen substantial gains. Specifically, such a purchase would have led to $305.70 in profits and a position worth $1,305.70 at the most recent close, and $298.67 in gains and a SpaceX portfolio worth $1,298.67 at press time in the August 31 pre-market. Simultaneously, investors who correctly identified that $104.83 reached just ahead of the company’s first-ever earnings report represented a likely period low would have enjoyed a 34.27% upsurge and would have seen $1,000 turn into $1,342.70. Lastly, those who were impressed by the SpaceX earnings report and took the following correction to $108.27 as a buy signal would have accrued $299.99 in profits. SpaceX stock remains well below its launch prices Meanwhile, despite the notable recovery through August and the quarterly filing showing significant growth relative to the first quarter (Q1) and 2025, SPCX shares’ performance remains middling relative to the initial public offering ( IPO ). Indeed, though the equity, at $140.75, remains 4.26% above the IPO price of $135, acquiring SpaceX shares at launch was relatively difficult due to high demand and low float. Furthermore, SPCX remains 6.17% below its first-ever – June 12 – open at $150 and 12.56% below $160.95 at the closing bell of the same day. What is next for SpaceX stock? Looking ahead, on the other hand, hints that the relative stagnation in the second half of August might just be a temporary slowdown ahead of the next rally. Institutional confidence in SpaceX stock remains strong, with Wall Street expecting , on average, that the equity will rise to $226.26 in the next 12 months. Under the circumstances, $1,000 invested at the start of August 2026 could turn into $2,087.66 by the same month in 2027. Additionally, should the most optimistic price target – the estimate that SpaceX will rocket to $800 – prove correct, the profit could amount to $6,381.44. Wall Street predicts SpaceX stock price in 12 months. Source: TradingView Elsewhere, it is also noteworthy that the highly bullish predictions for SPCX shares have been met with significant skepticism. Not only would the Street’s high 12-month forecast mean that SpaceX hit a market cap above $10 trillion just one year after the IPO, but some critics have pointed out that many of the institutions behind the price targets have a vested interest in maintaining good relations with Elon Musk. The notion that the optimistic predictions might have more to do with a desire to keep the world’s first trillionaire in a good mood than with scrupulous analysis of the equity is lent additional credence by the Securities and Exchange Commission (SEC) weakening regulations meant to prevent such actions in late 2025. Indeed, Morningstar – a company with no discernible interest in overestimating SpaceX stock prospects – estimated SPCX shares’ fair value at roughly $70 shortly before the IPO. Featured image via Shutterstock