SpaceX Stock Flat Despite Revenue Doubling

SpaceX's stock trades at $159.31, nearly unchanged from its public debut despite revenue more than doubling, leaving investors to decide if the range will break. A blowout third quarter lifted shares 7.79% in one session. Third-quarter revenue hit $14.6 billion, up 161% and beating consensus, with net income of $4.4 billion versus a year-earlier loss. Management guides first-quarter 2027 revenue to $33-37 billion, while analysts raised 2027 EPS estimates to $2.12. The stock trades at 200 times forward earnings, with heavy capex of $19.6 billion in Q3 and $35-40 billion guided for Q4. Key milestones include weekly Starship flights and 10 gigawatts of new compute in 2027, with analysts seeing 41% upside to a $224.81 target.