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SpaceX Wins Target Lift On AI, Data Center Growth. But Is It A Buy?

SpaceX stock recently rebounded following third-quarter results that surpassed analysts' estimates, driven by massive artificial intelligence and data center growth. Revenue jumped 161 percent to $14.58 billion, prompting the company to raise its fourth-quarter capital expenditure forecast to between $35 billion and $40 billion. Wall Street firms Bernstein and Deutsche Bank raised their price targets for the stock, supported by a $40 billion Apollo GPU lease and a $120.5 billion commitment from Anthropic. Meanwhile, Elon Musk defended the company's AI spending as the artificial intelligence sector becomes its largest growth driver.

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  • ✓ SpaceX reported a third-quarter revenue jump of 161 percent to $14.58 billion, beating analysts' estimates.
  • ✓ Investment banks Bernstein and Deutsche Bank raised their price targets for SpaceX stock following developments in AI compute financing.
  • ✓ SpaceX raised its fourth-quarter 2026 capex forecast to $35 billion to $40 billion to meet growing AI compute demand.
🛡️ Source Corroboration: 12 independent reporting domains (90% confidence) ⏱ Read time: ~2 min

What changed

SpaceX raised its fourth-quarter capital expenditure forecast to between $35 billion and $40 billion as major investment banks increased their stock price targets.

Live updates

  1. SpaceX Stock Rises On AI Demand and Price Target Hikes

    SpaceX stock recently rebounded following third-quarter results that surpassed analysts' estimates, driven by massive artificial intelligence and data center growth. Revenue jumped 161 percent to $14.58 billion, prompting the company to raise its fourth-quarter capital expenditure forecast to between $35 billion and $40 billion. Wall Street firms Bernstein and Deutsche Bank raised their price targets for the stock, supported by a $40 billion Apollo GPU lease and a $120.5 billion commitment from Anthropic. Meanwhile, Elon Musk defended the company's AI spending as the artificial intelligence sector becomes its largest growth driver.

    Why it matters

    The recent financial report highlights a strategic pivot for SpaceX, moving beyond its traditional space and Starlink identity into heavy AI compute infrastructure. This expansion aligns with Musk's projection that orbital artificial intelligence compute could outpace terrestrial capacity by 2028. However, broader tech earnings and aggressive spending targets have stirred debate among investors regarding whether the high valuation remains justified.

    What is confirmed

    • SpaceX reported a third-quarter revenue jump of 161 percent to $14.58 billion, beating analysts' estimates.
    • Investment banks Bernstein and Deutsche Bank raised their price targets for SpaceX stock following developments in AI compute financing.
    • SpaceX raised its fourth-quarter 2026 capex forecast to $35 billion to $40 billion to meet growing AI compute demand.

    Still unconfirmed

    • Elon Musk claims that orbital AI compute could top terrestrial capacity by 2028.
    • SpaceX is engaged in revived talks concerning TSMC Terafab.

    What to watch next

    • Execution and fulfillment of the $40 billion Apollo GPU lease and Anthropic's $120.5 billion commitment.
    • Progress on SpaceX hitting its updated fourth-quarter capital expenditure targets of $35 billion to $40 billion.
    Sources used for this update (16)
    1. www.fool.com — A Big Shift Just Happened at SpaceX. Is It Time to Buy?
    2. www.fool.com — Is SpaceX Stock a Buy After Its Latest Earnings Report?
    3. Investor's Business Daily — SpaceX Wins Target Lift On AI, Data Center Growth. But Is It A Buy?
    4. Yahoo Finance — Not Space. Not Starlink. Here's My Top Reason to Buy SpaceX Stock.
    5. Barron's — Tech Earnings Sink SpaceX Stock. No Other Companies Meet Elon Musk’s High Bar.
    6. Investing.com — Why is SpaceX stock falling after-hours today?
    7. The Motley Fool — Here's What a $2,000 Investment in SpaceX Stock Could Be Worth in 10 Years
    8. www.fool.com — SpaceX's AI Business Is Exploding, but Is It Worth the Price?
    9. shattered.io — Ternus’s First Apple Earnings: 47.5% Margin on Watch [2026]
    10. seekingalpha.com — Elon Musk sees orbital AI surpassing data centers as Colossus leads
    11. www.gate.com — SpaceX Stocks Get Major Target Hikes from Bernstein and ...
    12. www.allthings-elon.com — $SPCX Targets Rise as Apollo GPU Lease Firms SpaceX Compute ...
    confidence 90%
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