SPCX

Space Exploration Technologies (SPCX) surged 7.80% on October 21, 2026, following a strong Q3 earnings report with $14.6 billion in revenue (up 161% YoY) and $4.4 billion in net income. The company turned profitable driven by AI-related revenue growth of 830%.

CEO Elon Musk projected 2027 annual revenue between $500 billion and $1 trillion, though the CFO provided more conservative Q1 2027 guidance of $33-37 billion. The stock's P/S ratio stands at 68.

SpaceX delivered blowout Q3 results with earnings of $0.35 per share (250% above consensus) and revenue of $14.57 billion (161% YoY growth), driven by surging AI infrastructure demand and Starlink subscriber growth to 13.6 million. The company issued ambitious guidance projecting $100 billion in annual recurring revenue by end of 2026 and $500 billion to $1 trillion by 2027.

Musk also disclosed that SpaceX and Tesla are exploring a potential merger. SPCX shares surged 12% and hold a Zacks Rank #2 (Buy) rating with an average price target of $227.

SpaceX reported Q3 2026 revenue of $14.58 billion, beating Wall Street's consensus estimate of $12.54 billion by 16.26%. The company delivered EPS of $0.35 versus the estimated $0.10, representing a 250% earnings surprise.

All three business segments—Space, SI, and Connectivity—exceeded analyst expectations. Despite strong earnings, SpaceX shares declined 2.6% over the past month.