Erste Group Bank Weighs in on SpaceX FY2026 Earnings

SpaceX (NASDAQ:SPCX) – Investment analysts at Erste Group Bank issued their FY2026 EPS estimates for SpaceX in a research note issued to investors on Thursday, October 8th. Erste Group Bank analyst S. Lingnau anticipates that the company will earn ($0.04) per share for the year. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for SpaceX’s current full-year earnings is $0.07 per share. Erste Group Bank also issued estimates for SpaceX’s FY2027 earnings at $1.72 EPS.

SpaceX (NASDAQ:SPCX) last posted its earnings results on Tuesday, August 4th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. The business’s revenue was up 91.9% compared to the same quarter last year.

SPCX has been the topic of a number of other research reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of SpaceX in a research report on Monday, September 28th. Arete Research set a $450.00 price objective on SpaceX in a research report on Tuesday, August 11th. Wall Street Zen downgraded SpaceX from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Raymond James Financial reaffirmed a “strong-buy” rating on shares of SpaceX in a research note on Wednesday. Finally, CLSA initiated coverage on SpaceX in a research report on Monday, September 28th. They set an “outperform” rating and a $250.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating, nine have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, SpaceX has a consensus rating of “Moderate Buy” and a consensus price target of $220.06.

SpaceX Stock Performance

Shares of SpaceX stock opened at $152.16 on Tuesday. SpaceX has a twelve month low of $104.83 and a twelve month high of $225.64. The company has a quick ratio of 4.99, a current ratio of 5.12 and a debt-to-equity ratio of 0.29. The company has a 50-day simple moving average of $147.51.

Institutional Investors Weigh In On SpaceX

Several institutional investors have recently bought and sold shares of the company. Wedbush Securities Inc. purchased a new position in SpaceX in the 2nd quarter valued at $5,094,000. Avior Wealth Management LLC acquired a new stake in SpaceX during the 3rd quarter worth $2,934,000. Apella Capital LLC boosted its stake in SpaceX by 218.2% during the 3rd quarter. Apella Capital LLC now owns 8,424 shares of the company’s stock worth $1,412,000 after purchasing an additional 5,777 shares during the last quarter. Hyperion Asset Management Ltd acquired a new stake in SpaceX during the 2nd quarter worth $201,137,000. Finally, K5 Global Advisor LLC acquired a new stake in SpaceX during the 2nd quarter worth $6,587,531,000.

Insider Activity at SpaceX

In related news, COO Gwynne Shotwell sold 342,170 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $153.57, for a total transaction of $52,547,046.90. Following the completion of the transaction, the chief operating officer owned 2,472,035 shares in the company, valued at $379,630,414.95. This represents a 12.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

More SpaceX News

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: Strong Starlink momentum: SpaceX reportedly added approximately 570,000 subscribers per month in the second quarter, potentially contributing about $450 million in annual recurring revenue monthly. Starlink remains the company’s primary profitable growth engine, although continued satellite launches are needed to support capacity. Starlink subscriber growth article
• Positive Sentiment: Bullish analyst outlook: Morgan Stanley maintained an Overweight rating and a $300 target, while Raymond James reiterated a Strong Buy rating with an $800 target. These targets reflect expectations for substantial upside from Starlink, launch services, artificial intelligence and potential mobile connectivity. Morgan Stanley SpaceX price target
• Positive Sentiment: Operational progress: A successful NASA resupply mission reinforced SpaceX’s launch reliability, while its spectrum acquisition could support the expansion of Starlink Mobile into a broader wireless offering.
• Neutral Sentiment: Long-term valuation debate: Supporters argue SpaceX could eventually look inexpensive if it reaches Elon Musk’s aggressive revenue goals, including major growth in Starlink, space-based data centers and mobile services. However, traditional near-term valuation measures remain difficult to justify.
• Negative Sentiment: Capital intensity and dilution concerns: Reports that SpaceX may raise as much as $40 billion in new debt—and potentially require far more to fund AI, chips, satellites and launch infrastructure—are increasing concern about cash burn, leverage and execution risk. An upcoming employee and early-investor share unlock may also add supply.
• Negative Sentiment: Ukraine-related controversy: Ukrainian officials say new Starlink restrictions disrupted military drone operations. The allegations could damage SpaceX’s reputation, increase political scrutiny and create uncertainty around government and defense contracts. Reuters Ukraine Starlink report
• Negative Sentiment: Near-term market pressure: A broader equity sell-off overshadowed the successful launch, while investors remain skeptical that SpaceX can quickly overcome terrestrial-network competition, regulatory hurdles and the substantial cost of building its wireless business.

About SpaceX

Space Exploration Technologies Corp. (SpaceX) is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles, spacecraft and satellite systems designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX’s primary products and services include the Falcon 9 and Falcon Heavy launch vehicles, the Dragon spacecraft and the Starlink satellite internet network. The company also is developing Starship, a fully reusable launch and spacecraft system intended for missions to Earth orbit, the Moon and Mars.