Home / Business and Economy / SpaceX Q3: Profit Up, But Will Stock Reach $200?
SpaceX Q3: Profit Up, But Will Stock Reach $200?
27 Oct
Summary
- SpaceX's Q3 revenue more than doubled, reaching $14.6 billion.
- AI segment (SI) drove growth, with revenue jumping from $813 million to $7.6 billion.
- Stock remains highly valued at 85 times estimated future profits despite strong growth.
Space Exploration Technologies Corp. (SpaceX) released strong third-quarter earnings for the period ending September 30, 2026. Revenue surged to $14.6 billion, a significant increase from $5.6 billion in the prior year, with the Super Intelligence (SI) segment contributing substantially. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) also quadrupled year-over-year, reaching $8.8 billion. The company posted a solid operating profit of $2.8 billion, a notable improvement from a loss in the same period last year.
Despite the robust financial performance, SpaceX's stock closed last week below $148. The company's substantial market capitalization of $2 trillion and a valuation at 85 times projected future earnings indicate it is trading at a premium. Investor concerns regarding high capital expenditure among tech companies may also be impacting the stock. While the Q3 results demonstrate strong operational momentum, they may not be sufficient on their own to propel the stock back to the $200 level without additional significant developments.
