# Wall Street Bullish on SpaceX After Strong Q3 Results

> Wall Street boosts SpaceX stock after Q3 earnings beat estimates and ambitious AI compute targets.
- Title: Wall Street Bullish on SpaceX After Strong Q3 Results
- Summary: Wall Street boosts SpaceX stock after Q3 earnings beat estimates and ambitious AI compute targets. Wall Street raised SpaceX's price targets after Q3…
- Keywords: spcx, spacex, elon musk, citigroup, jpmorgan chase, price target, ai compute, finance, money, Wall, Street, Bullish
- Source: The Motley Fool — https://fool.com/investing/2026/10/26/citigroup-just-opened-a-90-day-catalyst-watch-on-s
- Author: Bram Berkowitz
- Published: 2026-10-26T10:30:00+00:00
- Read time: 1 min
- Topics: spcx, spacex, elon musk, citigroup, jpmorgan chase, price target, ai compute, finance, money
## SpaceX Q3 Earnings Beat
SpaceX reported third-quarter results with $14.6 billion revenue, topping Wall Street's average estimate by $1.7 billion.
## AI Compute Expansion Targets
Musk expects SpaceX to add 10 gigawatts of AI compute capacity by end of 2027, with a small chance of 20 gigawatts.
## Citigroup's Catalyst Watch
Citigroup placed SpaceX on an 'upside 90-day catalyst watch' and raised its price target to $240, implying 63% upside from current levels.
## JPMorgan's Price Target Doubled
JPMorgan Chase doubled its price target from $240 to $500 per share, citing SpaceX's 10 GW compute and $254 billion revenue projections.
## Q3 Revenue Forecast
SpaceX forecasted $33 billion to $37 billion in revenue for Q1 2027, far ahead of earlier estimates of $22 billion.
## Market Reaction
The stock rose nearly 8% on the day after the earnings report, reflecting Wall Street's optimism.
## Key takeaway

Wall Street raised SpaceX's price targets after Q3 earnings exceeded expectations and Musk's AI compute projections.