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SpaceX Q3 revenue soars 161%, boosted by fast-growing compute business aiming for 13 GW by 2027

Market News
23 Oct 2026
Seeking Alpha
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Neutral
SpaceX Q3 revenue soars 161%, boosted by fast-growing compute business aiming for 13 GW by 2027

SpaceX reported strong Q3 results with revenue up 161% year-over-year and adjusted EBITDA rising 306%. The company's rapidly expanding compute segment is now the main growth driver, with plans to reach up to 13 gigawatts of capacity by the end of 2027. This growth is supported by strong external demand and flexible compute allocation, which could help SpaceX fund its own AI development while monetizing capacity at attractive prices. Despite these positives, the stock is rated Hold due to a high 67x price-to-earnings ratio projected for 2027, potential normalization of compute pricing, and ongoing IPO lockup expirations.

SpaceX's recent growth story is presented here with Pluang's Technology sector data for context. As of Oct 24, 2026 03:11 WIB, 79 of 150 Technology stocks rose while 70 fell. Notable movers include BlackBerry Limited at USD 8.50 down 9.67%, Credo Technology Group Holding Ltd at USD 147.80 down 9.20%, and Fastly Inc at USD 24.50 up 9.13%.

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