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The Upgrade and substantial upside to $275, plus aggressive 2027–28 guidance, could catalyze short-term buying, though execution risk and valuation against capex remain concerns.
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Bank of America’s Ronald Epstein argues SpaceX mirrors 19th-century railroads in expanding frontier access, boosting SPCX with a $275 target and Buy rating. SpaceX posted solid Q3 results with $14.58B revenue and $4.4B net income, led by its AI unit and ambitious 2027–28 guidance. If SpaceX hits the new revenue targets, the stock could re-rate on higher cash-flow expectations, though capital intensity and regulatory risk remain.
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