Erste Group Bank Weighs in on SpaceX FY2026 Earnings

Key Points

• Erste Group Bank forecasts a FY2026 loss of $0.04 per share for SpaceX and maintains a “Hold” rating, below the broader consensus estimate of $0.09 EPS. The bank projects FY2027 EPS of $1.72.
• SpaceX reported a quarterly loss of $0.09 per share, beating estimates for a $0.26 loss, while revenue rose 91.9% year over year to $7.81 billion.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and average price target of $220.06, although targets range from $100 to $235 and the stock has significant valuation and volatility concerns.

SpaceX (NASDAQ:SPCX - Free Report) - Erste Group Bank issued their FY2026 earnings per share estimates for shares of SpaceX in a report issued on Thursday, October 8th. Erste Group Bank analyst S. Lingnau anticipates that the company will earn ($0.04) per share for the year. Erste Group Bank has a "Hold" rating on the stock. The consensus estimate for SpaceX's current full-year earnings is $0.09 per share. Erste Group Bank also issued estimates for SpaceX's FY2027 earnings at $1.72 EPS.

SpaceX (NASDAQ:SPCX - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.26) by $0.17. The business had revenue of $7.81 billion for the quarter. The company's quarterly revenue was up 91.9% on a year-over-year basis.

A number of other equities analysts also recently commented on the company. Royal Bank Of Canada restated an "outperform" rating on shares of SpaceX in a report on Monday, September 28th. Stifel Nicolaus started coverage on shares of SpaceX in a research report on Tuesday, July 7th. They issued a "buy" rating and a $190.00 target price for the company. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $235.00 target price on shares of SpaceX in a research note on Monday, September 28th. Wedbush started coverage on shares of SpaceX in a research report on Tuesday, June 30th. They set an "outperform" rating and a $190.00 price target on the stock. Finally, DZ Bank began coverage on shares of SpaceX in a research note on Friday, August 21st. They issued a "sell" rating and a $100.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, nine have issued a Hold rating and six have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, SpaceX currently has a consensus rating of "Moderate Buy" and an average price target of $220.06.

SpaceX Stock Performance

Shares of SPCX stock opened at $163.42 on Tuesday. The company has a current ratio of 5.12, a quick ratio of 4.99 and a debt-to-equity ratio of 0.29. SpaceX has a fifty-two week low of $104.83 and a fifty-two week high of $225.64. The company has a market cap of $2.15 trillion and a price-to-earnings ratio of -1,815.78. The stock has a 50 day simple moving average of $146.01.

Institutional Trading of SpaceX

Hedge funds have recently modified their holdings of the business. Syntax Research Inc. bought a new position in SpaceX in the 2nd quarter worth about $26,000. Atwood & Palmer Inc. bought a new stake in SpaceX during the 2nd quarter valued at about $29,000. PayPay Securities Corp bought a new stake in SpaceX during the 2nd quarter valued at about $30,000. Marquette Asset Management LLC purchased a new position in SpaceX in the second quarter worth about $32,000. Finally, Hickory Point Bank & Trust purchased a new position in SpaceX in the third quarter worth about $30,000.

Insiders Place Their Bets

In related news, COO Gwynne Shotwell sold 342,170 shares of the company's stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $153.57, for a total value of $52,547,046.90. Following the sale, the chief operating officer directly owned 2,472,035 shares of the company's stock, valued at $379,630,414.95. This represents a 12.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trending Headlines about SpaceX

Here are the key news stories impacting SpaceX this week:

• Positive Sentiment: SpaceXAI launched an X Subscription plan designed to bring Grok and related AI capabilities to more users. The initiative supports the company’s effort to diversify beyond rockets and satellite communications. Why SpaceX Stock Is Rising
• Positive Sentiment: Investors are also responding to Starlink’s growth potential. Jefferies estimates Starlink could serve 23% of aircraft by 2028, adding to expectations for expanding connectivity revenue. SpaceX Stock Forecast: Why Jefferies Sees Starlink Reaching 23% of Aircraft by 2028
• Positive Sentiment: Analyst support remains a key tailwind. Morgan Stanley maintained a Buy rating and a $300 target, while other coverage points to substantial upside from Starship, Starlink Mobile and AI software opportunities. Why does Morgan Stanley see an 85% upside for SpaceX stock?
• Neutral Sentiment: SpaceX agreed to testify before the New York City Council in an investigation of AI safety after receiving a subpoena. The hearing could increase scrutiny of the company’s AI activities, although no immediate financial impact was identified. SpaceX agrees to testify to NYC Council about AI safety after receiving subpoena
• Neutral Sentiment: AI-generated forecasts and bullish commentary continue to highlight SpaceX’s long-term potential, but the wide range of estimates underscores the stock’s volatility and uncertainty. AI predicts SpaceX stock price for the end of 2026
• Negative Sentiment: Concerns remain about Starship’s economics and risk profile. Insurance coverage reportedly caps near $650 million, potentially complicating launches carrying higher-value payloads. SpaceX’s Starship Has a $650M Problem
• Negative Sentiment: Investors must also balance the growth narrative against heavy capital needs, including a reported potential $40 billion debt deal for Nvidia chips, and valuation concerns following the recent rally. SpaceX Plans a $40 Billion Debt Deal for Nvidia Chips

About SpaceX

Space Exploration Technologies Corp. (SpaceX) is a privately held aerospace company founded in 2002 by Elon Musk. The company develops and operates launch vehicles, spacecraft and satellite systems designed to reduce the cost of access to space and support commercial, government and scientific missions.

SpaceX's primary products and services include the Falcon 9 and Falcon Heavy launch vehicles, the Dragon spacecraft and the Starlink satellite internet network. The company also is developing Starship, a fully reusable launch and spacecraft system intended for missions to Earth orbit, the Moon and Mars.

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