SpaceX Q3 Beat Sparks 9% Premarket Surge; Q1 2027 Guidance Crushes Estimates
SPCX sits 53% above its 52-week low of $104.83.
Summary
SpaceX reported Q3 sales of $14.6B versus $12.9B expected and its first profit as a public company at $4.4B net income, roughly $3B above consensus. The stock jumped almost 9% to $160.78 premarket, lifting S&P 500 futures 0.6% and Dow futures 1.2%. The bigger surprise was guidance: Q1 2027 revenue of $33B-$37B against a $22B consensus, driven by AI compute demand. Management said it ended Q3 with 1.7 GW of AI compute, targets 3 GW by year-end, and plans 10 GW more in 2027. Analysts raised targets (Cantor to $345, Citi to $240), though KeyBanc flagged the heavy AI capex and need for external financing. A 1.3B-share lockup expiry looms Oct 22.
At the time of this announcement, SPCX was trading at $160.10 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 8 out of 10. Source: Dow Jones Newswires.