Seeking Alpha
21 Oct 2026, 19:41 UTC · 1h ago
SpaceX Just Guided To A $35 Billion Quarter, So I Am Moving My Rating Up To Buy
Impact · against what's priced in
The Q3 results and massive Q1 2027 guidance provide the first concrete evidence that SpaceX can scale revenue to a $140B annual run rate, which the market had previously been unwilling to price in. This validates the growth trajectory that bull targets required, shifting the stock's narrative from a speculative infrastructure bet to a proven high-growth operator.
- SPCX+0.70
Challenges what's priced in
- The price assumes
The path to $100 billion in annualized recurring revenue by year-end
The market previously refused to pay for a path to $100B in annualized revenue; however, Q1 2027 guidance of $33-$37B implies an annual run rate of $140B, significantly exceeding that threshold.
What SPCX's price assumes · Sep 11
