{"id":654855,"date":"2026-10-23T12:42:12","date_gmt":"2026-10-23T12:42:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/654855\/"},"modified":"2026-10-23T12:42:12","modified_gmt":"2026-10-23T12:42:12","slug":"spacex-double-upgraded-by-phillipcapital","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/654855\/","title":{"rendered":"SpaceX double upgraded by PhillipCapital"},"content":{"rendered":"<p>Stronger-than-expected revenue from SpaceX&#8217;s AI business is making PhillipCapital \u2014 once a bear on the company \u2014 bullish about the Elon Musk giant&#8217;s stock. The firm upgraded shares of the space and AI company to buy from sell, and hiked its price target to $250 from $75. That level implies an almost 73% gain from Thursday&#8217;s close. SpaceX reported on Tuesday adjusted earnings of 45 cents per share and revenue of $14.58 billion for the third quarter, both exceeding expectations. The company delivered its first profit as a publicly-traded stock, which analyst Glenn Thum wrote in a Friday note, was driven by three catalysts. &#8220;1) SI, as new cloud services agreements came online at higher rental prices and Cursor added US$608mn from mid-August,&#8221; Thum said in the note, referring to the company&#8217;s AI business as its branded &#8220;super intelligence&#8221; name. &#8220;2) Connectivity, as aviation installs and Starshield contracts lifted enterprise and government revenue 91% YoY; and 3) operating leverage, as higher-margin cloud services turned SI profitable.&#8221; Thum said, though, he still sees full-year 2027 revenue as lower than that of what SpaceX might expect, based on annualization off its guidance for the first quarter of next year. He said that&#8217;s because he expects delays in scaling SpaceX&#8217;s compute business, with cooling and power key constraints to doing so. But as Thum raises his forecasts, it&#8217;s that very business that is giving him more confidence in the company. &#8220;We like SPCX for compute demand running ahead of supply,&#8221; he wrote. &#8220;Contracts are renewing at higher prices per watt, new capacity pays back in under a year, and guidance implies 1Q27 revenue more than double 3Q26.&#8221; Shares were higher by 2% in premarket trading Friday. SPCX 5D mountain SpaceX 5-day.<\/p>\n","protected":false},"excerpt":{"rendered":"Stronger-than-expected revenue from SpaceX&#8217;s AI business is making PhillipCapital \u2014 once a bear on the company \u2014 bullish&hellip;\n","protected":false},"author":2,"featured_media":654856,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,357,3313,85,942,46,193809,1760],"class_list":["post-654855","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-business-news","tag-earnings","tag-il","tag-investment-strategy","tag-israel","tag-space-exploration-technologies-corp","tag-stock-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/654855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=654855"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/654855\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/654856"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=654855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=654855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=654855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}