24/7 Wall Street
22 Oct 2026, 14:45 UTC · 1h ago
SpaceX Has Been Sideways Since Its Inception
Impact · against what's priced in
The revenue guidance for Q1 2027 is a positive catalyst as it provides a tangible path toward the growth scales the market currently discounts. However, this is offset by an aggressive jump in Q4 capex and significant new SBC obligations from the Cursor acquisition that pressure near-term cash flows.
- SPCX+0.40
Challenges what's priced in
- The price assumes
the path to $100 billion in annualized recurring revenue by year-end
The market is currently not paying for the path to $100B ARR, but management's guidance for Q1 2027 revenue of $33B-$37B suggests a growth trajectory that significantly accelerates toward that target.
What SPCX's price assumes · Sep 11
