SpaceX (SPCX) listed at $135 per share, a valuation of $1.8 trillion, peaked at $225, fell to $105 and now trades around $144, about 30% below that high. Q3 2026 revenue rose 161% year over year to $14.6 billion, with the Super Intelligence (AI) segment adding $6.7 billion from the Cursor acquisition and Connectivity, which includes Starlink, growing 69% to $5.25 billion with 13.6 million subscribers. At a market cap of about $2 trillion and an assumed $100 billion of 2027 revenue, the stock equals roughly 20 times 2027 revenue. Elon Musk has predicted annualized revenue of $500 billion to $1 trillion by as early as the end of next year, a target the article calls very ambitious, while analyst price targets range from $118 to $800 per share. The overwhelming analyst consensus is positive, but the article stresses caution and diversification given the many variables, including speculation about a Tesla and SpaceX merger.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
SpaceXIPOvaluationElon Muskmergers and acquisitions
Open a keyword to see other news on the same topic.
Related tickers and likely impact
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/30/2026 | 204.81 |
| Change that session | -4.14% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Elon Musk Became the First Person Ever Confirmed With a Net Worth Above $1 Trillion in June 2026. Here's Why That Milestone Still Matters for Tesla and SpaceX Shareholders.
After SpaceX went public in June, Elon Musk became the first person with a net worth above $1 trillion. Forbes puts his net worth at $983 billion as of Oct. 21, after a peak of $1.45 trillion and a dip below $700 billion. Most of his wealth comes from about 38% of SpaceX, locked until June 12, 2027, and nearly 11% of Tesla. He holds roughly 85% of SpaceX's voting power through its dual-class structure, while Tesla trades at about 360 times trailing earnings and SpaceX at 68 times trailing sales. Both companies have formed independent director committees to evaluate a potential merger, and Musk's pay packages tie tranches to market caps as high as $8.5 trillion at Tesla and $7.5 trillion at SpaceX.
- Prediction: Here’s Where SpaceX Stock Will Trade on Its 1-Year IPO Anniversary
SpaceX’s IPO on June 12, 2026, was the largest in stock market history, and its shares trade near the IPO price nearly five months later. Key events before June 12, 2027 include quarterly earnings, a full 180-day lockup expiring on Dec. 8, 2026, and Elon Musk being able to sell his 6.4 billion shares on June 12, 2027. Musk has said SpaceX and Tesla are exploring a merger, though not a done deal, and SpaceX could be eligible for S&P 500 inclusion in mid-2027 if it shows profitability. The author outlines a bull case of $220–$240, a base case of $165–$185 and a bear case of $90–$110, and predicts about $200 on June 12, 2027. The consensus 12-month price target is $240.
- Elon Musk Just Delivered Spectacular News for SpaceX Stock Investors
SpaceX (SPCX) shares have fallen 29% from a peak of $225 after their June listing, to $159.31 at the close on Oct. 21, with a trailing P/S of 67.5 versus 6.7 for the Nasdaq-100. Musk believes the super intelligence (SI) business could lift annualized revenue to between $500 billion and $1 trillion by the end of 2027, compared with $32 billion generated over the last four quarters. This relies partly on a 440,000-GPU Nvidia Vera Rubin cluster Musk wants online by mid-2027, and on the Grok Bot agent, which is still in beta. The article notes that if SpaceX reaches $500 billion in annualized revenue, its forward P/S could fall to 4.3 within about 15 months, while Wall Street's average forecast is $167 billion in revenue next year. Starlink had 13.6 million paying subscribers at the end of Q3, up 89% year over year.
- SpaceX Burned More Than $9.9 Billion of Free Cash Flow in a Single Quarter. Here's How Long Its $85.7 Billion IPO War Chest Actually Lasts.
SpaceX reported second-quarter earnings with $9.9 billion in negative free cash flow, driven by heavy capital spending after its $85.7 billion IPO, the largest ever. AI infrastructure revenue reached $7 billion in the quarter ending in September, up from $359 million a year earlier, while capital expenditures of $19.5 billion are expected to roughly double to about $40 billion. The article says the IPO funds would run out within two years at the current burn rate, so positive free cash flow will be needed. Musk targets annual recurring revenue of $500 billion to $1 trillion by the end of 2027, compared with $58.3 billion in the latest quarter, a goal the author considers unlikely. The author also notes a market cap of $2.15 trillion and a price-to-sales ratio of 69, and concludes the stock is likely overvalued and risky.
- SpaceX Stock Catches Rare Double Upgrade. How Shares Can Rise 70%.
SpaceX shares were trying to end a volatile week of trading in positive territory. An upgrade from Phillip Securities is helping.
- If SpaceX Stock Falls Below $135 , Here the Move Id Make
SpaceX (SPCX) listed on June 12 at $135 per share, hit a record high of $211.39 on June 16, and now trades at about $145. Revenue rose 33% to $18.67 billion in 2025, and Elon Musk has said the company could reach $1 trillion in revenue by 2030. At its peak, the market cap reached $2.64 trillion, or 58 times the $45.3 billion in 2026 revenue analysts expected, while rising interest rates and Treasury yields pushed investors toward safer assets. In the first half of 2026, Starlink's $2.84 billion operating profit was offset by operating losses of $1.20 billion in space and $3.73 billion in AI. The author says he would not buy if the stock dips slightly below its IPO price, but would consider a small speculative long-term position if it falls much lower.
Related markets
Latest news
- Wall Street Sinks in Selloff on AI Worries
U.S. stocks fell sharply on Oct. 30 after disappointing quarterly results from Intel and Amazon heightened concerns about the huge sums companies are investing in AI. The Nasdaq dropped 2.9% and was 7.8% below its all-time high reached on Oct. 6. Intel shares plunged 28.6%, while the semiconductor index fell 7.2%, with Nvidia down 4.2% and AMD off 10.9%, pushing the sector's losses for the month above 15%. Even so, 82% of the 299 S&P 500 companies that had reported third-quarter results beat analyst expectations, and Exxon Mobil and Chevron both posted profits above forecasts, with their shares rising 2.2% and 2.8%. Meanwhile, Coinbase, Strategy and Robinhood fell 7.2% to 10.6% after reports that hackers had stolen $6.3 billion from Binance.
- Netflix's Problem Isn't Profits. It's Viewing Time.
Netflix shares are down 54% from their highs even though third-quarter revenue rose 12% year over year to $12.9 billion and operating margin hit a record 34.6%. The author argues the real problem is viewing time: Netflix reported no growth in watch hours in the quarter, and its U.S. TV viewing share has been roughly flat for about two years while YouTube's has grown significantly. To counter this, Netflix is shifting toward sports, live events, podcasts, talk shows and shorter series, while competing with YouTube, Instagram and TikTok for attention. The author believes the company can recover if it competes more effectively, and says the stock looks cheap at a P/E of 18 if revenue keeps growing in double digits.
- Amazon: 3 Key Takeaways for Long-Term Investors
In its third-quarter 2026 earnings call on Oct. 29, Amazon CEO Andy Jassy said AWS could become a business with trillion-dollar annual revenue within five to 10 years. AWS revenue grew 39.3% year over year to an annualized run rate of $184 billion, and Jassy expects growth above 40% in 2027 and 2028. Same-day delivery of perishable groceries is described as lifting purchases across other categories, with shoppers buying nearly seven times more Everyday Essentials units. Amazon plans to sell its Trainium AI chips outside AWS in late 2027 after strong outside demand. Capital expenditures are expected to reach about $220 billion in 2026, and management says it is accelerating capex payback.
- Governor: People deposit a lot of money because they trust the banking system
Governor Phạm Đức Ấn explained that credit still carries most of the economy's capital needs because Vietnamese people keep depositing savings, reflecting trust in the banking system, and he expects this balance to shift as capital markets become more attractive. Although short-term deposits make up 80% of total deposits, people roll them over continuously, so deposits function as stable, long-term funding. As of end-August, household deposits reached over 11.43 million billion VND, up nearly 1.1 million billion VND (10.6%) since the start of the year; over the latest five months, net deposit inflows averaged 175,000 billion VND a month, nearly 2.4 times the average of the five months before. After nine months, credit grew 12.27%, deposit rates rose 1.42% while lending rates rose only 0.99%, and real estate lending grew 9.84%. He also urged SMEs to operate more transparently and not keep two balance sheets, so banks can assess their financial health when lending.
- Betting on Archer Aviation or Joby Aviation Being the Tesla of eVTOLs? They Could End Up More Like Lucid.
The article argues that Archer Aviation and Joby Aviation, the highest-profile U.S. eVTOL players, are unlikely to achieve profitability in the consumer market over the next five years and may not reach positive gross margins in that category by the end of 2030. It uses Lucid as an illustration: although its production, deliveries and revenue rose, first-half cost of goods sold climbed to $1.43 billion from $995.3 million, and its gross margin was -112.6%, worse than -101.3% a year earlier. Joby targets four aircraft per month in 2027 and a long-term output of 500 a year, while Archer expects to produce 650 aircraft a year by 2030 but has stopped providing production updates. Neither company has FAA type certification for its flagship commercial aircraft, and the optimistic case depends on replicating Tesla's shift to positive gross margins after the Model S launch in 2012.
- President Trump: Iran wants to negotiate with the US
On October 30, President Donald Trump said Iran wants to keep negotiating, but Washington is in no rush to reach a deal while Tehran faces many difficulties. He dismissed cost concerns, saying any money spent on the conflict with Iran is recouped many times over from Venezuela, about 10 times, though he offered no figures to back this up. Trump also claimed Iran is struggling to pay its soldiers and police, and reiterated that Tehran must be stopped from developing nuclear weapons. He had earlier said the US would not carry out further airstrikes on Iran before the election.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.