Erste Group Bank Has Positive View of SpaceX FY2027 Earnings

SpaceX (NASDAQ:SPCX) – Erste Group Bank lifted their FY2027 earnings estimates for SpaceX in a research report issued on Wednesday, October 21st. Erste Group Bank analyst S. Lingnau now anticipates that the company will post earnings of $2.03 per share for the year, up from their previous forecast of $1.72. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for SpaceX’s current full-year earnings is $0.13 per share.

Several other research firms have also commented on SPCX. Guggenheim began coverage on SpaceX in a research report on Friday, August 7th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. upped their target price on SpaceX from $240.00 to $500.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. The Goldman Sachs Group reiterated a “buy” rating and issued a $245.00 target price on shares of SpaceX in a research note on Wednesday, October 21st. KeyCorp reiterated a “sector weight” rating on shares of SpaceX in a report on Wednesday, October 21st. Finally, Wells Fargo & Company boosted their price target on SpaceX from $214.00 to $274.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. Four research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, SpaceX has an average rating of “Moderate Buy” and an average target price of $244.97.

SpaceX Stock Down 0.4%

Shares of SpaceX stock opened at $146.90 on Monday. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.08 and a quick ratio of 3.00. The business’s fifty day simple moving average is $149.24.

SpaceX (NASDAQ:SPCX) last issued its earnings results on Tuesday, October 20th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.25. The business had revenue of $14.57 billion for the quarter. SpaceX had a negative net margin of 8.61% and a negative return on equity of 3.24%. The business’s revenue was up 161.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.36) EPS.

Hedge Funds Weigh In On SpaceX

Several institutional investors have recently modified their holdings of SPCX. SC US Ttgp LTD. acquired a new position in shares of SpaceX during the second quarter worth approximately $20,933,621,000. Darsana Capital Partners LP acquired a new stake in SpaceX in the 2nd quarter valued at approximately $17,335,783,000. K5 Global Advisor LLC acquired a new stake in SpaceX in the 2nd quarter valued at approximately $6,587,531,000. State Street Corp bought a new stake in SpaceX during the 2nd quarter valued at $1,858,329,000. Finally, Dragoneer Investment Group LLC bought a new stake in SpaceX during the 2nd quarter valued at $1,366,880,000.

Insider Buying and Selling

In other news, COO Gwynne Shotwell sold 342,170 shares of SpaceX stock in a transaction that occurred 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 completion of the transaction, the chief operating officer owned 2,472,035 shares in the company, valued at approximately $379,630,414.95. This trade represents a 12.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong Q3 results support the stock. SpaceX reported $14.58 billion in quarterly revenue, up 161% year over year, and $4.4 billion in net income. Adjusted earnings reportedly quadrupled, while its AI business generated $7.6 billion in revenue—more than Starlink. SpaceX’s Adjusted Earnings Quadrupled in Q3
• Positive Sentiment: A $40 billion GPU financing commitment could accelerate AI growth. Apollo, Goldman Sachs and other investors will finance Nvidia Vera Rubin chips and related data-center equipment, with leasing expected to begin in the first half of 2027. The capacity is intended to support Grok and cloud customers, strengthening SpaceX’s position in AI infrastructure. SpaceX locks in $40B GPU financing deal with Apollo
• Positive Sentiment: Connectivity expansion is adding potential catalysts. easyJet plans to install Starlink inflight internet, and analysts including Bernstein, Citigroup and JPMorgan have expressed optimism about SpaceX’s AI and connectivity outlook. SpaceX Stock Rises on easyJet Starlink Plans
• Neutral Sentiment: Potential strategic transactions remain speculative. Special committees at Tesla and SpaceX are evaluating a possible combination, while the November midterm elections could affect future government funding and policy relevant to SpaceX. No deal or funding outcome is guaranteed.
• Negative Sentiment: Debt and capital-spending risks are weighing on sentiment. The GPU financing carries roughly $40 billion in principal payments, and SpaceX is committing most of its capital spending to AI. Critics question whether future computing demand and returns will justify the investment, particularly as financing conditions tighten. Jim Chanos on SpaceX’s Chip Debt
• Negative Sentiment: Valuation and supply concerns limit upside. SpaceX trades at roughly 61–63 times trailing sales, leaving little room for execution missteps. Upcoming insider share-sale windows could add supply, while Verizon argues Starlink may need years and significant infrastructure spending to become a major wireless competitor.

About SpaceX

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.