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Bernstein affirms Buy on SpaceX with $248 target ahead of Q3 earnings, citing strong revenue growth and AI investments.

Analyst Insights
19 Oct 2026
Finbold
View Source
Bullish
Bernstein affirms Buy on SpaceX with $248 target ahead of Q3 earnings, citing strong revenue growth and AI investments.

Bernstein confirmed its Buy rating and $248 price target for SpaceX, anticipating a 70% upside from the last close of $146. This optimism is based on Starlink's projected $64 billion revenue by 2031 and strong Q3 revenue growth expected at $12.89 billion, a 65% increase year-over-year. Despite high capital expenditures, especially $15.83 billion on AI infrastructure, analysts remain bullish, with some raising targets up to $275. Investors await the Q3 earnings report on October 20 to see if SpaceX's AI investments justify the spending and support future growth.

SpaceX shares are trading at USD 148.20 on Pluang as of October 19, 2026, 15:02 WIB, slightly above the last close mentioned in the article. The stock has gained 1.49% in the past day, showing positive momentum ahead of the Q3 earnings report. With a market cap of $1.98 trillion, SpaceX remains a major player in the Industrials sector on Pluang.

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