SpaceX (SPCX) Stock News: Shares Rally After Q3 as Targets Rise and Musk Sets Up a Double Catch for Starship Flight 15
SpaceX shares rallied on October 21, the first session after its third-quarter report, rising roughly 8% to 10% depending on the time of day, CNBC reported. The move helped lift chip and server makers, including Micron, that supply the company’s AI compute buildout.
Analyst reaction
Reports of notes published after the call describe a series of target increases, the largest from JPMorgan, which raised its target to $500 from $240, according to Teslarati. Citi, which initiated in July with a $200 target and a $900 bull case tied to Starship deployment, had not published an updated figure in the reports available. These are summaries of analyst opinions.
Starship Flight 15
On the call, Elon Musk said the next Starship mission will attempt to catch both the Starship upper stage and its Super Heavy booster, which would be a first, and cautioned that success is not guaranteed on early flights. No launch date was given. Flight 14, completed in the third quarter, was the first orbital Starship flight and the first to generate revenue by placing 26 Starlink V3 satellites.
What could not be verified
Some reports cited a first-quarter 2027 revenue forecast of $33 billion to $37 billion and remarks about formal talks with Tesla. The filed release contains no such forecast and no reference to Tesla, and no second source confirmed either, so this article does not treat them as established.
Why it matters for the stock
For readers following SPCX, the rally reflects the AI segment’s swing to profit more than the launch business. Capital spending in that segment was $16.4 billion in the quarter, so the open question is the same one credit markets are asking of the whole sector: whether customer commitments turn into cash at the pace the spending assumes. TSLA readers should treat merger speculation as unconfirmed until either company files something.
Published October 21, 2026. Informational reporting, not investment advice. Figures come from the cited filings and reports; forward-looking statements are management's or analysts' expectations and can change. No share-price outcome is predicted.