SpaceX (NASDAQ:SPCX) Stock Price Up 7.8% Following Strong Earnings

Posted by George Bondi on Oct 21st, 2026

Shares of SpaceX (NASDAQ:SPCX – Get Free Report) were up 7.8% during mid-day trading on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $166.18 and last traded at $159.31. 217,592,731 shares were traded during mid-day trading, an increase of 113% from the average daily volume of 102,177,539 shares. The stock had previously closed at $147.79.

The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.25. The firm had revenue of $14.57 billion for the quarter. SpaceX’s revenue was up 161.4% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.36) earnings per share.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

Positive Sentiment: Q3 results beat expectations. Revenue rose 161% year over year to approximately $14.58 billion, while earnings reached $0.35 per share versus the $0.10 consensus estimate. SpaceX also swung from a prior-year loss to roughly $4.4 billion in net income. SpaceX quarterly revenue jumps, beats estimates as AI business surges
Positive Sentiment: AI is becoming the main growth engine. The Super Intelligence segment generated about $7.56 billion in revenue, up sharply year over year, and posted a $431 million operating profit. Management said demand from outside AI companies is strong and that new computing deployments can recover their cost in less than a year. AI rivals are thirsty for SpaceX’s compute
Positive Sentiment: Forward visibility improved. SpaceX reported a backlog of roughly $63 billion and guided to $33 billion-$37 billion in first-quarter 2027 revenue. Analysts responded with higher targets, including JPMorgan’s increase to $500, Wells Fargo’s to $274 and TD Cowen’s to $224. JPMorgan doubles SpaceX stock price target
Positive Sentiment: Merger speculation added another catalyst. Elon Musk said SpaceX and Tesla have formed independent committees to examine a potential combination, describing the idea as having “a lot of merit.” A merger could combine SpaceX’s AI and satellite infrastructure with Tesla’s vehicles and robotics, although no transaction is certain. SpaceX and Tesla boards form special committees

Analyst Ratings Changes

A number of brokerages recently issued reports on SPCX. Wolfe Research reissued an “outperform” rating and set a $175.00 price objective on shares of SpaceX in a research report on Wednesday, August 26th. William Blair reaffirmed an “outperform” rating on shares of SpaceX in a research report on Friday, October 9th. Wall Street Zen lowered shares of SpaceX from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. The Goldman Sachs Group reissued a “buy” rating and issued a $245.00 price target on shares of SpaceX in a research note on Wednesday. Finally, Canaccord Genuity Group assumed coverage on shares of SpaceX in a research note on Tuesday, July 7th. They issued a “buy” rating and a $246.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $243.08.

View Our Latest Analysis on SPCX

Insider Buying and Selling at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of the stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total value of $52,547,046.90. Following the transaction, the chief operating officer owned 2,472,035 shares of the company’s stock, valued at $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Hedge Funds Weigh In On SpaceX

Large investors have recently bought and sold shares of the stock. Syntax Research Inc. purchased a new stake in shares of SpaceX during the second quarter valued at $26,000. Atwood & Palmer Inc. purchased a new position in SpaceX in the 2nd quarter worth about $29,000. PayPay Securities Corp purchased a new position in SpaceX in the 2nd quarter worth about $30,000. Hickory Point Bank & Trust purchased a new position in SpaceX in the 3rd quarter worth about $30,000. Finally, Maryland Capital Advisors Inc. acquired a new stake in SpaceX during the 3rd quarter worth about $30,000.

SpaceX Trading Up 7.8%

The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. The company has a market cap of $2.10 trillion and a PE ratio of -1,770.11. The stock has a fifty day moving average price of $148.92.

About SpaceX

(Get Free Report)

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.