From Seekingalpha · The Alpha Analyst · · 50s
SpaceX Q3 Earnings Short-Term Play
Analyst targets 7-8% SPCX drop post-Q3 earnings as SpaceX faces revenue bar.
In brief
Analyst targets 7-8% SPCX drop post-Q3 earnings as SpaceX faces revenue bar. Analyst predicts SpaceX's Q3 earnings miss could trigger 7-8% stock drop, with leveraged shares gaining 15%. Originally reported by Seekingalpha.
Analyst's Short-Term Play
Analyst issues tactical buy on Leverage Shares 2x Short SPCX Daily ETF (SSPC) ahead of SpaceX's Q3 earnings.
Q3 Revenue Bar Unlikely
SPCX faces high Q3 revenue bar unlikely to be met due to contract timing, with potential earnings miss.
2027 Capex Plans Impact
Immediate market focus shifts to 2027 capex plans, potentially several times higher than current levels.
Post-Earnings Price Action
Analyst targets 7-8% SPCX pullback translating to 15% returns in SSPC with stop loss near $157.5.
The takeaway
Analyst predicts SpaceX's Q3 earnings miss could trigger 7-8% stock drop, with leveraged shares gaining 15%.
