Musk Floats $500B Annualized Revenue by Late 2027, Far Above Street
SPCX sits 29% above its 52-week low of $104.83.
Summary
Speaking at the Baron Investment Conference, Musk said SpaceX revenue is "exploding" and guided to roughly 70% sequential growth from Q3 to Q4 and again from Q4 to Q1. That implies about $25 billion in Q4 revenue, in line with Wall Street, and about $42 billion in Q1 versus the $33 billion analysts project. He went further out, saying annualized revenue in December 2027 will be north of $500 billion — implying Q4 2027 revenue of $80-100 billion against a $58 billion consensus. He hedged with "this is not a promise," so treat it as aspiration rather than formal guidance. The comments land after Q3 revenue of $14.6 billion, up 161% year over year, and a swing to $4.4 billion of net income. Shares were up 8.5% in late trading at $134.11, though the article notes the stock rose most of the day, making Musk's contribution to the move hard to isolate.
At the time of this announcement, SPCX was trading at $135.25 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.8T. The 52-week trading range was $104.83 to $225.64. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.