Bernstein lifts target to USD 268 for SpaceX stock
Published on 10/26/2026 at 17:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and earnings
- Bernstein raised its SpaceX target from USD 248.00 to USD 268.00 on October 26, 2026.
- Third-quarter revenue reached USD 14.58 billion, up 161.00 percent year over year.
- SpaceX stock costs EUR 133.45 at Lang & Schwarz on October 26, 2026.
SpaceX (ISIN US84615Q1031) drew a higher valuation target from Bernstein on October 26, 2026, which lifted its target from USD 248.00 to USD 268.00. The increase reflects the firm's view that SpaceX's terrestrial artificial intelligence infrastructure can expand its revenue path, as CNBC reported on October 26, 2026. SpaceX was trading at EUR 133.45 at Lang & Schwarz on October 26, 2026 at 5:06 p.m. CEST.
Bernstein sees AI capacity value
Bernstein maintained its outperforming rating while raising the target by USD 20.00. The new target is 79.56 percent above the Nasdaq quote of USD 149.25 at 12:12 p.m. ET on October 26, 2026. The company is aiming to add 10 gigawatts of computing capacity by the end of 2027, according to Deutsche Bank information cited by CNBC. The same report said 33 of 43 analysts covering SpaceX held a buy or strong buy rating.
Revenue growth meets heavy spending
SpaceX reported USD 14.58 billion in third-quarter revenue, a 161.00 percent increase from the same period a year earlier. Adjusted earnings per share reached USD 0.45, compared with USD 0.13 expected, while net income was USD 4.40 billion after a USD 1.05 billion loss a year earlier, CNBC reported on October 21, 2026. The Super Intelligence segment generated USD 7.56 billion, versus USD 0.81 billion a year earlier, while connectivity revenue reached USD 5.25 billion.
Capital intensity remains material
Capital expenditures totaled USD 19.60 billion in the third quarter, including more than USD 16.40 billion for artificial intelligence infrastructure. SpaceX ended the quarter with 13.60 million Starlink subscribers, up from 12.00 million in the prior period. The company had scheduled its third-quarter results webcast for October 20, 2026, in an investor release dated October 16, 2026, SpaceX said.
Nasdaq valuation stays elevated
SpaceX had a market capitalization of USD 2.1 trillion on October 26, 2026. Its Nasdaq 52-week range was USD 104.83 to USD 225.64, placing the latest USD 149.25 quote between those endpoints. The negative trailing price-to-earnings ratio of 110.51 reflects the companys still-changing earnings base and is not used as a valuation conclusion.
Price and investor perspective
For investors, the latest analyst action puts terrestrial computing capacity alongside Starlink and launch operations in the valuation discussion. SpaceX was trading at EUR 133.45 at Lang & Schwarz on October 26, 2026 at 5:06 p.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of SpaceX stock.
SpaceX stock facts
- Company: Space Exploration Technologies Corp.
- ISIN: US84615Q1031
- Ticker: SPCX
- Primary exchange: Nasdaq
- Price Lang & Schwarz as of October 26, 2026, 5:06 p.m. CEST: EUR 133.45
- Market capitalization: USD 2.1 trillion (as of October 26, 2026)
- 52-week range: USD 104.83-225.64 (as of October 26, 2026)
- Sector / Industry: Telecommunications / Wireless telecommunications services
Market context: Market report Nasdaq Composite.
