SpaceX Q3 revenue soars 161%, but cash burn keeps stock a Sell

seekingalpha.com —

SpaceX reported exceptional Q3 earnings with revenue up 161% year-over-year, yet the stock remains rated a Sell due to persistent cash burn and high valuation. Starlink margins improved significantly, and the artificial intelligence division turned operating-profitable, but SpaceX generated approximately -$35 billion in free cash flow through September with capital expenditures expected to accelerate. The updated discounted cash flow fair value is about $105 versus a $160 share price, requiring roughly $1.1 trillion to $1.2 trillion in annual revenue by 2035 to justify current levels.


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SpaceX Q3 revenue soars 161%, but cash burn keeps stock a Sell | News Minimalist