After SpaceX (SPCX) reported stronger-than-expected third-quarter 2026 earnings, the stock rose 7.7% from Oct. 20 to Oct. 21 to $159.31, then closed at $147.49 on Oct. 23 as investors scrutinized capital spending. In Q3 2026 SpaceX reported $19.6 billion in capital expenditures, of which $16.4 billion went to its AI division, and it does not expect to launch AI satellites until 2028 at the earliest. Since trading began in June, shares have ranged from $104.83 to $225.64. Of the 47 analysts covering the stock, 77% rate it a buy, 19% a hold and 4% a sell; the median one-year price target is $240, a 62.7% gain from the Oct. 23 close, while the lowest target is $118, about a 20% decline. The article stresses that investing in SpaceX requires a long-term outlook and tolerance for erratic price swings, and that price targets are not guarantees.
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