SpaceX Q3 Earnings Deep Dive: Massive Beat, Bigger Risks 🚀

SpaceX’s Q3 numbers landed yesterday and the stock closed up nearly 8% on 35 million shares traded. In this breakdown we dig into why this is one of the most polarising stocks in the market right now — from wildly diverging analyst revenue estimates ($59B to $290B for FY27) and broker price targets ($100 to $800), to the Q1 revenue guidance that came in roughly 50% above expectations, the eye-watering ARR targets of $500B–$1 trillion, the compute capacity build-out toward 20 gigawatts, the Tesla tie-up speculation, and the make-or-break Starship Flight 15 test coming in November. Is this a binary bet that could reshape markets, or a cash-burn story that’s run ahead of itself? Let us know what you think. Chapters: 0:00 SpaceX’s Q3 reaction & stock surge 0:12 Why this is one of the market’s most polarising stocks 0:22 Analyst revenue estimates and broker price targets 0:52 The execution risk behind the bull case 1:08 The risks: cash burn, CapEx and funding 1:31 Q1 revenue guidance smashes expectations 1:50 ARR targets: $500B to $1 trillion 2:18 Compute capacity build-out 2:33 Mobile carriers and the Tesla tie-up 2:51 Starship Flight 15: the key catalyst and final verdict #SpaceX #Tesla #Starship #StockMarket #Trading #Pepperstone #CFD This content is not intended for a UK audience. Please visit our Pepperstone U.K. channel here: https://www.youtube.com/channel/UCk5HwBByE4VRj03__6iHgCA 🤝 Switch to Pepperstone. Sign up for a live trading account: https://bit.ly/Switch2Pepperstone 🐦Follow us on X/Twitter to keep up to date with market news, access expert commentary, analysis and more from our global market analysts: https://twitter.com/PepperstoneFX 👉 Subscribe to Chris Weston's Daily Fix newsletter: https://cloud.go.pepperstone.com/join-daily-fix The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted. #fx​​​​​​​​​​​​​ #trading​​​​​​​​​​​​​ #CFDs