SpaceX beat third-quarter expectations, prompting Bank of America to raise its price target to $275 and bring forward revenue forecasts to as early as 2027. The company aims to reach $100 billion in annual revenue by the end of 2026 and forecasts $33-$37 billion in Q1 2027 revenue, well above analyst estimates. Capital spending on computing infrastructure is accelerating, with plans to increase launches and achieve full Starship reusability, which could enable weekly launches by mid-2027. These developments reduce execution risks and expand SpaceX's satellite deployment capacity, supporting its ambitious growth targets.
SpaceX shares are trading at USD 145.94 on Pluang as of Oct 23, 2026 01:21 WIB, down 8.38% in the last day. This comes despite Bank of America raising its price target to $275 and advancing revenue forecasts. The stock's market cap stands at $2.16 trillion, with a 52-week high of $202.09 and a 52-week low of $108.27, reflecting significant volatility as the company pursues ambitious growth and infrastructure expansion.
SpaceX announced an $8 billion deal for nationwide 800 MHz spectrum, intensifying competition for Verizon ahead of its Q3 earnings report on October 26. Verizon has shown steady growth with improved revenue and reduced churn, but SpaceX's entry with ...
Altimeter Capital's Brad Gerstner highlights SpaceX's massive $400 billion investment to build 10 GW of computing power next year, aiming to dominate the emerging superintelligence era. This scale could represent 25% of new U.S. compute capacity, fue...
Elon Musk suggested the possibility of starting a competitor to Amazon after reports that Amazon was blocking AI bots from placing orders. SpaceX, now public, posted strong revenue growth, particularly in AI, and holds substantial cash reserves, posi...
Taiwan Semiconductor (TSMC) is in talks with SpaceX about the Terafab chip plant but insists on operating the facility itself, conflicting with Elon Musk's plan for SpaceX to run it. TSMC's CEO C.C. Wei emphasized that the Texas plant must be managed...
Space stocks are experiencing a sharper decline than the broader tech sector, with SpaceX, AST SpaceMobile, and Rocket Lab shares falling 6%, 6%, and 5% respectively. This drop follows a recent rally after SpaceX reported its first profitable quarter...
