SpaceX's strong earnings give its bullish setup fresh fundamental support. Revenue of $14.58 billion, adjusted EBITDA of $8.81 billion and operating income of $2.79 billion beat expectations, as did connectivity and space revenue; 35 launches and mass to orbit fell short. The shares are also pushing through a cup-and-handle breakout. x.com  x.com 

SpaceX's revenue growth and raised guidance make its double beat and raise worth liking. Revenue grew 161% year over year, Q1 guidance was raised 67%, and its SI arm is growing extremely fast. Talk of $500 billion to $1 trillion in revenue by 2028 should not get investors too excited. x.com 

SpaceX's revenue ambitions look implausible against current sales and the risk of overbuilding chips. Revenue is $14 billion this quarter, and even the Street's $120 billion forecast for next year looks aggressive. Its costs are within its control, leaving the risk heavily skewed against investors. x.com 

SpaceX's Q3 profitability lets it fund much more of its buildout, significantly reducing the need for outside financing. Revenue of $14.6B and adjusted EBITDA of $8.8B beat even the high cases; free cash flow was still -$10B after $19.6B of capex. SpaceX said new compute deals price a bit above $30-$50 per watt with payback under a year, though Q4 capex is guided to $35-$40B. Starlink subscribers fell just short of the low case but beat the Street, and consumer revenue grew 26%. x.com  x.com  … Show more

SpaceX's stronger-than-expected Q3 and surging Space Intelligence business make its valuation look more defensible. Revenue was $14.6 billion versus about $12.9 billion expected, adjusted EBITDA rose 306% to $8.8 billion, and Space Intelligence grew 830% to $7.6 billion, becoming its largest segment. Even half of the $500 billion to $1 trillion ARR Elon Musk is talking about by end-2027 would make the earlier valuation objection wrong; sentiment is now bullish. x.com 

SpaceX's growing connectivity profit improves its business case, but spending still leaves self-funded growth unproven. Starlink users rose from 12m to 13.6m and ARPU from $66 to $69; connectivity earned $2.4B of $2.8B operating profit. The $4.4B net profit includes non-operating and tax gains, while AI's operating margin is about 5.7%. Quarterly capex exceeded revenue at $19.6B, with $35-40B planned for Q4. Valuation still requires evidence of cash returns. x.com 

SpaceX's projected growth is challenging the earlier overvaluation case, though the reassessment is still in progress. A VJN.ai chart projects revenue 273.3% higher by Q4 2027, even as the company is valued at $2 trillion. x.com  x.com 

SpaceX's AI and connectivity growth is translating into rapid revenue growth and operating profit. Q3 revenue reached $14.6B, up 161% year over year, versus $18.7B in all of 2025; operating income reached $2.8B. Starlink hit a $21B annual revenue run rate; Cursor added $608M after its August 14 acquisition, a $4.6B annualized rate. SpaceX looks on track to become the world's largest company by end-2027, with $1T+ in annual revenue coming soon. x.com  x.com  x.com  x.com  x.com  x.com  x.com 

SpaceX's earnings are nothing phenomenal against its $2 trillion valuation. Its P/E is 2,000 and P/S is 170, with $4.4 billion in profits after losing that much in Q1 2026; another $2 trillion company makes $50-60 billion in net profit. x.com 

SpaceX's Q3 growth and guidance make a small position worth considering despite its still-expensive valuation. Revenue reached $14.58B versus $12.54B expected, up 161% year over year, and Q1 2027 guidance is $33B-$37B. A small start around $144 is under consideration, with more aggressive buying reserved for below the $135 IPO price. x.com