SpaceX stock finished the week lower despite a successful satellite deployment and growing analyst confidence in the company’s revenue trajectory. Shares of the space and satellite operator, which trade under the ticker SPCX, declined 2.16 percent over the five-day period after opening August on a stronger note.

The stock reached a weekly high of $149.80 early in the period before retreating to a low near $130. It closed Friday at $136.97, marking a 2.22 percent gain on the final session and leaving the shares modestly above their initial public offering price of $135. Trading has recently concentrated in a narrow range between roughly $134 and $140.

Deutsche Bank Sees Path to $100 Billion Annualized Revenue

A recent projection from Deutsche Bank has drawn attention as a potential catalyst. Analyst Edison Yu described a move toward $100 billion in annualized recurring revenue as very achievable. The firm outlined a path from a current run rate near $31.3 billion to approximately $98 billion by the end of 2026.

Second-quarter results provided supporting context. Revenue rose 92 percent year over year to $7.8 billion. Starlink contributed $4.3 billion of that total, an increase of 32 percent from the prior quarter. Analysts have pointed to rapid expansion in artificial intelligence compute capacity as a primary driver of the higher revenue outlook, reducing relative reliance on traditional launch activity.

Separate longer-term forecasts have placed SpaceX at the top of lists for projected revenue growth among major U.S. technology companies, with one widely circulated estimate citing more than 2,000 percent expansion over five years.

Technical Levels and Near-Term Pressure Points

Chart watchers have identified resistance near $138 to $140, where a descending trendline has repeatedly capped advances. A decisive move above the $150 area, which aligns with a Fibonacci retracement level, would open the possibility of further gains toward $160 to $180. Failure to clear that zone could instead direct attention back to support near $120 to $130 and potentially lower levels around the prior trough near $100 to $105.

Additional supply from share unlocks remains a near-term factor. Hundreds of millions of shares have become eligible for sale in the current period, with another tranche scheduled for September. Market participants have noted that such events often introduce selling pressure regardless of the underlying business narrative.

Probability markets have assigned only a low single-digit chance of the shares revisiting $100 during August, suggesting reduced expectations for a deeper decline in the immediate term.

Bernstein Maintains Bullish Stance While Flagging Mobile Challenges

Bernstein analyst Douglas Harned has reiterated an Outperform rating and a $248 price target. The firm continues to view the company’s dominant position in space launches and its ambitions in orbital artificial intelligence infrastructure as the core sources of long-term value.

At the same time, Harned has cautioned on the planned direct-to-device mobile service. Connecting ordinary smartphones to satellites involves substantial technical obstacles related to distance, signal strength, uplink performance, indoor coverage, antenna design and battery drain. These engineering constraints are described as unlikely to be fully resolved in the near term. Management has targeted a late-2027 launch for the mobile offering and is already collaborating with operators in more than 30 countries.

The company recently completed another launch of 27 satellites, adding to a growing constellation that now includes more than 2,000 additional units in recent deployments. Such operational milestones have not produced immediate sustained price gains amid the broader mix of revenue optimism and technical questions.

A recent financial disclosure also showed a purchase of between $15,001 and $50,000 in SPCX shares by President Donald Trump in June, reported under standard federal filing timelines.

Investors continue to weigh the expanding revenue projections against share supply dynamics and the unresolved engineering questions surrounding the mobile service as the next trading sessions begin.