On September 30, SpaceX rose 3.04% in regular trading, trading at $149.96/share, with turnover of $9.649 billion. The rally was driven by a confluence of bullish analyst commentary and a landmark technical achievement over the weekend.
UBS Securities projected SpaceX Q3 revenue at $13.8 billion, exceeding the Wall Street consensus of $12.9 billion, with adjusted EBITDA of $7.5 billion versus a $6.9 billion consensus. UBS highlighted the AI segment as a key growth engine, expected to contribute approximately $7.6 billion in revenue, powered by increased compute consumption from Anthropic — which recently disclosed an agreement with SpaceX worth up to $84.5 billion — and early contributions from Alphabet. The Connectivity segment is projected at $4.9 billion, with subscribers rising to 2.3 million.
Separately, on September 28, Starship completed its 14th integrated flight test, achieving orbit for the first time and successfully deploying 26 Starlink V3 satellites at an altitude of approximately 275 km. TD Cowen initiated coverage with a Buy rating and a $200 price target, while William Blair and Bernstein both maintained Outperform ratings, underscoring the long-term significance of Starship's expanded payload capacity.
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