Musk Guides Quarterly Revenue Above NASA's Entire $18.8B Budget
SPCX sits 29% above its 52-week low of $104.83.
Summary
Musk said quarterly revenue will top NASA's $18.8 billion fiscal 2027 budget request — a striking scale marker for a company that just posted $14.6B in Q3. He also laid out plans to lease data-center capacity to outside customers before Grok needs it, and to build AI-chip facilities in Texas, with Nvidia-co-designed StarMind computers launching in Q3 2027 and ramping through 2029. NASA separately picked SpaceX to launch communications satellites on Starship in 2028 in support of future lunar missions, adding to the launch backlog. Deutsche Bank reaffirmed its Buy rating, framing political retaliation as a bigger worry than near-term business risk. The revenue guide is the actionable item: it implies continued acceleration well beyond the $14.6B Q3 print and the $12.9B consensus that quarter beat.
At the time of this announcement, SPCX was trading at $135.64 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: Wiseek News.