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SpaceX posts strong Q3 growth but valuation remains too high, prompting a Sell rating.

Analyst Insights
20 Oct 2026
Seeking Alpha
View Source
Bearish
SpaceX posts strong Q3 growth but valuation remains too high, prompting a Sell rating.

SpaceX reported strong Q3 growth driven by its Space, Connectivity, and Super Intelligence segments, with Super Intelligence EBITDA jumping to $4.95 billion from $1.1 billion last quarter. However, rising capital expenditures and R&D costs highlight the company's capital-intensive nature. Despite technological advances and long-term potential, the current ~$2 trillion valuation is considered overvalued with limited upside, leading the analyst to maintain a Sell rating due to downside risks outweighing potential gains.

SpaceX's Q3 report offers context for readers following technology companies. For readers following technology-sector US stocks tradable on Pluang, here is the market snapshot as of Oct 21, 2026 04:41 WIB: Of 150 priced stocks, 123 rose and 25 fell today. Notable movers include WDC at USD 373.00 with a 1-day change of +5.90% and Pluang order activity of 68% Sell / 32% Buy; ASAN at USD 10.74 with a 1-day change of +5.81% and 100% Sell orders; and VNET at USD 4.11 with a 1-day change of +5.80% and 100% Buy orders.

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