SpaceX Adds Qualcomm 5G Deal and NASA Starship Order as EBITDA Jumps 306%
SPCX sits 36% above its 52-week low of $104.83.
Summary
SpaceX selected Qualcomm platforms for Starlink Mobile's planned nationwide 5G network, with deployment starting in 2027 under a multiyear agreement. Separately, NASA awarded a task order to launch communications satellites to cislunar space aboard Starship in 2028, and SpaceX was named one of eight providers on NASA's 10-year CLPS 2 contract with a combined maximum value of $10 billion. The quarter itself was already public: Q3 revenue of $14.6 billion, up 161%, and net income of $4.4 billion, first reported October 20 and detailed in the 10-Q filed October 22. The new number here is adjusted EBITDA of $8.8 billion, up 306%, which shows the operating leverage behind that revenue surge. Also in the mix: a SpaceX-Tesla Terafab plan targeting 1 million semiconductor wafers monthly by 2032 with mass production in H2 2028, and Starship Flight 15 targeted for Nov. 13 as a reusability test. The stock rose over 6% Monday to $136.26 after a volatile stretch, and ARK ETFs bought 742,180 shares worth about $96 million on Nov. 4-5. Watch the Dec. 9 Starbase property-tax request before the city commission and the Nov. 13 Starship flight.
At the time of this announcement, SPCX was trading at $142.10 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.9T. 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.