SpaceX Beats With $14.58B Q3 Revenue; Bernstein Lifts Target to $268
SPCX sits 42% above its 52-week low of $104.83.
Summary
SpaceX reported Q3 revenue of $14.58B against a $12.74B estimate, with EPS of $0.35 — a clear beat on the top line. Bernstein raised its price target to $268 from $248 and lifted its 2028 revenue forecast to roughly $424B, while modeling terrestrial compute capacity near 13 GW by end-2027 and about 20 GW by 2028. The company also lined up $40B in debt to buy GPUs for AI and data-center builds, with deployment planned across Q1–Q2. That is a large financing commitment against a $2T market cap, and it ties the AI capex story to real leverage. Orbital data-center launches are targeted for late 2027 with full operations by mid-2028, contingent on Starship reusability and heat-shield performance.
At the time of this announcement, SPCX was trading at $149.18 on NASDAQ in the Technology sector, with a market capitalization of approximately $2T. 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.