Key Stats for SpaceX Stock
- Pre-Market Price change for SpaceX stock: 7%
- $SPCX Stock Price as of Oct. 20: $148
- 52-Week High: $226
- $SPCX Stock Price Target: $223
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What Happened?
SpaceX (SPCX) shares jumped in pre-market trading on Wednesday as the move followed a big third quarter and talk of a possible Tesla merger.
- Revenue hit $14.6 billion, up 161% from a year ago and vs. estimates of $13 billion.
- Net income was $4.4 billion, compared with a $1.05 billion loss last year.
- Adjusted EBITDA reached $8.8 billion, up 306%.
The biggest driver was the Super Intelligence (SI) business, which is SpaceX’s AI unit. Its revenue rose to $7.56 billion from $813 million a year ago.
Starlink also grew as connectivity revenue was $5.2 billion, up 69%. The company added 1.6 million Starlink consumer subscribers and now has 13.6 million.
The outlook was just as strong. SpaceX expects first-quarter 2027 revenue of $33 billion to $37 billion, while analysts were looking for $22.2 billion.
Management also reported a $63 billion backlog.
Then came the merger talk.
Elon Musk said SpaceX and Tesla have each set up special committees to discuss a combination. He said he sees a lot of merit in it, but he also said that the potential merger is not a sure thing.
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What the Market Is Telling Us About SpaceX Stock
The Q3 numbers beat expectations, and the forecast was far above Wall Street’s estimates. Further, Musk’s comments on the merger added more attention to SpaceX stock.
Analysts at Truist said the report supports the bull case for AI cloud companies. Musk also said SpaceX could rent out its computing capacity several times over.
Other space and cloud stocks also rose in pre-market trading, and Tesla shares were up 1.4%.
There are costs to watch, though. SpaceX expects Q4 capital spending of $35 billion to $40 billion, which is sizeable.
For now, SpaceX stock is trading on strong growth and big plans. Investors will watch Tesla’s earnings later today and updates from the special committees.
The next few weeks will show whether SpaceX stock can hold these gains.
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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!
