SpaceX stock could reach $360 by 2027, analyst says

SpaceX stock surged 7.8% to $159.31 following a blowout third-quarter earnings report, with one analyst predicting shares could reach $360 by the end of 2027, representing at least 122% upside from current levels. The company reported $14.6 billion in Q3 revenue, up 161% year over year, with net income of $4.4 billion reversing a prior-year loss. Its AI division generated $7.6 billion in revenue, an 830% increase, while Starlink connectivity revenue grew 69% to $5.2 billion. SpaceX plans to expand AI compute capacity from 1.7 gigawatts to at least 13 gigawatts by 2027, capitalizing on surging demand for AI infrastructure. The company ended Q3 with $89.8 billion in cash and marketable securities.