SpaceX Stock Earnings Estimates Boosted by Erste Group Bank

SpaceX (NASDAQ:SPCX) – Analysts at Erste Group Bank boosted their FY2027 EPS estimates for SpaceX in a report released on Wednesday, October 21st. Erste Group Bank analyst S. Lingnau now forecasts that the company will post earnings of $2.03 per share for the year, up from their previous estimate of $1.72. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for SpaceX’s current full-year earnings is $0.13 per share.

SpaceX (NASDAQ:SPCX) last issued its quarterly earnings data on Tuesday, October 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.25. The firm had revenue of $14.57 billion during the quarter. The business’s quarterly revenue was up 161.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.36) earnings per share.

A number of other equities analysts also recently weighed in on the company. Evercore restated an “outperform” rating and issued a $275.00 target price on shares of SpaceX in a research note on Friday, October 16th. Yorkville Ives began coverage on SpaceX in a research report on Tuesday, October 6th. They set an “outperform” rating and a $225.00 price target for the company. Stifel Nicolaus began coverage on SpaceX in a report on Tuesday, July 7th. They set a “buy” rating and a $190.00 price target on the stock. Seaport Research Partners cut SpaceX from a “buy” rating to a “neutral” rating in a research report on Friday, August 7th. Finally, Oppenheimer upped their price objective on SpaceX from $250.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, September 2nd. Four investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $244.97.

SpaceX Trading Up 1.1%

SpaceX stock opened at $148.58 on Monday. SpaceX has a 52 week low of $104.83 and a 52 week high of $225.64. The business’s 50 day moving average price is $149.43.

Institutional Investors Weigh In On SpaceX

Several large investors have recently modified their holdings of the stock. BOKF NA increased its stake in SpaceX by 1,585.0% in the 3rd quarter. BOKF NA now owns 11,761 shares of the company’s stock worth $1,774,000 after acquiring an additional 11,063 shares during the last quarter. LaFleur & Godfrey LLC purchased a new stake in shares of SpaceX in the 3rd quarter valued at about $13,198,000. Pinnacle Wealth Planning Services Inc. boosted its position in shares of SpaceX by 459.7% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 39,859 shares of the company’s stock valued at $6,013,000 after acquiring an additional 32,738 shares during the last quarter. North Dakota State Investment Board bought a new stake in shares of SpaceX during the 3rd quarter valued at about $2,572,000. Finally, VestGen Advisors LLC boosted its position in shares of SpaceX by 285.5% during the 3rd quarter. VestGen Advisors LLC now owns 37,855 shares of the company’s stock valued at $5,711,000 after acquiring an additional 28,035 shares during the last quarter.

Insider Buying and Selling

In other news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the transaction, the chief operating officer directly owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. This represents a 12.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

SpaceX News Summary

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong earnings and AI growth support the stock. SpaceX reported $14.58 billion in third-quarter revenue, up 161% year over year, and $0.35 in EPS versus expectations of $0.10. Its AI-related “Super Intelligence” segment generated approximately $7.56 billion, more than half of total revenue. Is SpaceX Stock a Buy After Its Latest Earnings Report?
• Positive Sentiment: Analyst optimism increased. Bernstein raised its SpaceX price target to $268 from $248 and maintained an Outperform rating, citing AI infrastructure expansion and the longer-term possibility of orbital data centers. SpaceX stock rises, why analysts see more upside for the stock
• Positive Sentiment: Starlink continues adding commercial customers. An agreement to provide Starlink internet on easyJet flights reinforces the satellite network’s growth and monetization potential. SpaceX Stock Rises on Plans to Add Starlink Internet to easyJet Flights
• Neutral Sentiment: SpaceX secured approximately $40 billion in GPU financing through an Apollo-managed arrangement to acquire Nvidia chips and data-center equipment, with leases expected to begin in 2027. The funding accelerates AI capacity but adds significant long-term obligations. SpaceX locks in $40B GPU financing deal with Apollo
• Neutral Sentiment: Speculation over a potential Tesla-SpaceX combination remains a major valuation catalyst, but no transaction has been confirmed and independent committees are reviewing the idea. A merger could create operating synergies while also raising concerns about pricing, dilution and shareholder alignment. Elon Musk Reveals the Real Reason He Hasn’t Confirmed a SpaceX-Tesla Merger Will Happen
• Negative Sentiment: Financing and valuation risks remain elevated. SpaceX has filed a $3.42 billion shelf registration covering up to 23.6 million Class A shares, creating potential dilution. Analysts also question whether its heavy AI capital spending and valuation—reported at more than 60 times trailing sales—can be justified by future returns. Has Space Exploration Technologies Become Fully Valued Following Its Shelf Filing?
• Negative Sentiment: Legal and competitive concerns add uncertainty. Louisiana residents sued to unwind a SpaceX tax agreement, alleging violations of open-meeting requirements. Separately, Verizon executives estimate that competing directly in terrestrial wireless could require years and as much as $500 billion in infrastructure investment. Louisiana residents sue to unwind SpaceX tax deal

About SpaceX

Space Exploration Technologies Corp., commonly known as SpaceX, is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles and spacecraft designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s principal products and services include the Falcon 9 and Falcon Heavy rockets, the Dragon spacecraft and the Starlink satellite communications network. Falcon rockets are used to launch satellites, cargo and crew, while Dragon spacecraft support transportation to and from low Earth orbit.