Brokers raise SpaceX price targets on record Q3 results and AI compute ambitions
Brokers raised SpaceX's price target to US$257.11 per share over AI data centre plans.
Brokers are bullish on SpaceX after strong Q3 results. The company posted record revenue of US$14.58 billion and net income of US$4.4 billion.
Major brokers have raised their price targets, with JPMorgan moving to US$500 and Cantor Fitzgerald to US$345. Brokers cite AI compute leasing and Starlink Mobile growth potential.
SpaceX secured about US$40 billion in financing to build large AI data centres. These could add around 10 gigawatts of computing power by 2027.
The company now has 13.6 million Starlink subscribers. However, some analysts flag execution risks.
DZ Bank initiated coverage with a sell rating and a US$100 target.
- From $222.71 to $257.11 per share
- Price target average raise
- $14.58 billion
- Q3 record revenue
- 10 gigawatts by 2027
- AI data centre power planned
- 13.6 million
- Starlink subscribers
Why it mattersSpaceX's push into AI compute and satellite internet puts it in direct competition with major cloud providers while funding its space ambitions, but success hinges on delivering on aggressive technical timelines.
