SpaceX shares surged over 8% following a strong Q3 earnings report that beat revenue and EPS expectations, with revenue hitting $14.58 billion versus $12.72 billion forecast and EPS at $0.45 versus $0.13 expected. Analysts responded positively, with JPMorgan doubling its 12-month price target from $240 to $500, anticipating a 211% gain, and raising 2027 revenue and compute capacity forecasts. The growth was driven by Starlink's user base reaching 13.6 million and AI-related sales hitting $7.56 billion, including significant data center rent deals with Google and Anthropic. Most analysts upgraded their ratings, reflecting strong confidence in SpaceX's future prospects.
SpaceX shares on Pluang rose 11.30% to USD 164.49 as of Oct 21, 2026 21:16 WIB, still below its 52-week high of USD 202.09, showing room for growth despite the recent jump. In contrast, JPMorgan Chase shares declined 0.59% to USD 333.29, trading below their 52-week high of USD 365.18. This highlights a divergence where SpaceX's strong earnings momentum contrasts with a more cautious market stance on JPMorgan, even as analysts raise SpaceX's price targets.
AT&T reported Q3 2026 results beating revenue and profit expectations and raised its full-year profit outlook, but its shares dropped 5%. The decline reflects a non-cash impairment charge related to its Mexico wireless business, which AT&T is selling...
Shares of AI cloud providers Nebius and CoreWeave rose about 3% after Elon Musk called concerns about AI infrastructure overcapacity "ridiculous" during SpaceX's Q3 2026 earnings call. Musk emphasized strong demand for compute capacity, noting SpaceX...
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SpaceX's Q1 2027 revenue guidance of $33-37 billion annualizes to $132-148 billion, surpassing the $117 billion consensus and suggesting significant upward revisions. Improved compute economics, pricing above $50 per watt, and a $63 billion backlog w...
SpaceX reported strong Q3 results and CEO Elon Musk raised the company's revenue run rate target to between $500 billion and $1 trillion by the end of 2027, moving the trillion-dollar goal up from earlier projections. The ambitious forecast is driven...
