Evercore ISI Lifts SpaceX Target to $275 as Q3 Results Near
Updated
Updated · CNBC · Oct 16
Evercore ISI Lifts SpaceX Target to $275 as Q3 Results Near
3 articles · Updated · CNBC · Oct 16
Summary
$275 is Evercore ISI's new SpaceX price target, up from $230 and implying 85% upside from Thursday's close ahead of early-November third-quarter results.
Evercore said the earnings report could clarify key debates around the business, with the firm expecting investors to focus less on the quarter itself than on medium-term estimates and sentiment into 2027.
LSEG consensus calls for 14 cents a share in earnings on $12.738 billion in revenue, while Evercore said it is already above Wall Street on revenue and EBITDA.
2027 catalysts underpin the bullish view, including Starship satellite deployments, proof of reusability within the next few flights and Musk's 4Q27 target for first Starmind AI satellites.
The call broadly matches Street sentiment: 33 of 42 analysts rate SpaceX buy or strong buy, and the shares have gained about 13% over the past three months.
As Evercore predicts an 85% upside, will Starship's massive payload capabilities truly make space-based AI computing economically viable against terrestrial centers?
Could SpaceX's ambitious one-million satellite Starmind constellation trigger a regulatory backlash over orbital congestion before its first AI prototype launches next year?
With SpaceX eyeing orbital AI data centers by 2027, can they overcome the thermal vacuum hurdles of running Nvidia chips in space?