# Space Exploration Technologies Prepares for Q3 Earnings as Analyst Raises Price Target

- URL: https://stocks.freetheai.org/news/space-exploration-technologies-prepares-for-q3-earnings-as-analyst-raises-price-dad0aa
- Published: 2026-10-16T15:48:42Z
- Category: earnings; sentiment: mixed; impact: medium
- Symbols: [NASDAQ:SPCX](https://stocks.freetheai.org/symbols/NASDAQ-SPCX)
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Space Exploration Technologies Corp. (SPCX) is scheduled to release its third-quarter financial results on Oct. 20 after the market close, followed by an audio webcast at 4:30 p.m. ET. Ahead of the report, Evercore ISI analyst Kutgun Maral reiterated an Outperform rating on the stock and raised his price target to $275 from $230. Shares of the company dropped 1.81% to $145.93 in Friday trading.

The upcoming earnings announcement is expected to focus on long-term growth prospects rather than short-term quarterly comparisons. Analysts project the business could exit 2026 with an annualized revenue run rate above $100 billion, driven primarily by strategic compute deals alongside internal growth in artificial intelligence and connectivity. To support this trajectory, compute capacity is forecasted to reach roughly 2.3 gigawatts by late 2026.

Key factors for investors to watch include contract pricing for 2027, which is currently modeled at $30 per watt, and an expected rise in capital expenditure to approximately $151 billion in 2027. Future catalysts include potential new compute contract announcements, commentary from Chief Executive Officer Elon Musk, and progress on mobile service plans, though execution risks remain a central point of concern.

## Key points

- Space Exploration Technologies Corp. will report its Q3 financial results after the market close on Oct. 20, followed by a webcast at 4:30 p.m. ET.
- An analyst at Evercore ISI kept an Outperform rating and raised the price target on the stock to $275 from $230.
- The company is projected to reach an annualized revenue run rate above $100 billion by the end of 2026, driven by AI compute deals.
- Capital expenditures are forecasted to increase to roughly $151 billion in 2027 to expand compute infrastructure.
- Shares of the company were down 1.81% at $145.93 during Friday trading.

## Questions and answers

### When will Space Exploration Technologies report Q3 earnings?

Space Exploration Technologies Corp. will report its third-quarter financial results on Tuesday, Oct. 20, 2026, after the market close, followed by an audio webcast at 4:30 p.m. ET.

### What is the updated price target for Space Exploration Technologies stock?

An analyst at Evercore ISI raised the price target on Space Exploration Technologies to $275 from $230 while keeping an Outperform rating.

### What revenue milestone is Space Exploration Technologies expected to reach?

The company is expected to exit 2026 with an annualized revenue run rate above $100 billion, driven primarily by growth in its AI and connectivity business segments.