Key Stats for SpaceX Stock
- Price change for SpaceX stock since IPO: -8%
- $SPCX Stock Price as of Oct. 23: $147
- 52-Week High: $226
- $SPCX Stock Price Target: $257
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What Happened?
PhillipCapital upgraded SpaceX (SPCX) two notches, from Sell to Buy.
It also raised its price target to $250 from $75, roughly 70% above the current price. Until now, the investment firm had a bearish outlook for SPCX stock.
Analyst Glenn Thum says the AI business is the main reason, and shares of SpaceX stock were up about 2% on Friday.
Thum points to new cloud services deals that started at higher rental prices. Cursor also added $608 million in revenue from mid-August.
Higher-margin cloud work turned the AI segment profitable, and the analyst sees this driving SpaceX to its first profit as a public company.
The latest earnings call backs that up:
- Revenue was $14.6 billion, up 161% from a year ago.
- Net income was $4.4 billion, versus a $1.1 billion loss last year.
- Adjusted EBITDA was $8.8 billion, up 306%.
- The AI segment brought in $7.6 billion in revenue and $5 billion in adjusted EBITDA.
Phillip also expects demand to outrun capacity and thinks contract renewals will bring higher prices per watt. Moreover, it expects new capacity to pay for itself in under a year.
Management said much the same. The CFO said new compute is paying back in less than a year, and Elon Musk said short-term contracts are renewing at higher prices per watt, not lower ones.
SpaceX also guided to revenue of $33 billion to $37 billion for Q1 2027.
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What the Market Is Telling Us About SpaceX Stock
The market is rewarding the AI story. Investors are now watching how much customers pay, how fast new capacity fills, and how soon the spending earns its keep.
SpaceX stock carries a $1.97 trillion market cap, and capital spending was roughly $20 billion in Q3. Management expects capex to surpass $35 billion to $40 billion in Q4.
A higher price target does not settle the valuation question.
The real test is whether better contract pricing and quick paybacks turn into steady cash. If they do, SpaceX stock could have room to run. If demand softens, that spending becomes a bigger risk.
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So what is SpaceX stock actually worth?
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
