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Summary

Opportunity or Bubble? SpaceX stock is trading at 146.26 EUR (October 13, 2026), about 25% below the record high of 194.46 EUR set on June 16, but about 61% above the 52-week low of 91.04 EUR. Two announcements this week are driving the stock price: On October 6, the FCC approved Starlink Mobile, and according to reports, SpaceX is purchasing nationwide 800-MHz spectrum from Grain Management for $8 billion. Musk called it the final crucial piece of the puzzle for a nationwide mobile network; Telekom fell 8.0% on October 9, and T-Mobile US dropped by about 12%. Operationally, SpaceX is growing rapidly: In the second quarter, revenue rose 92% to $7.8 billion, and Starlink has 12 million subscribers. At the same time, the company remains unprofitable (net loss in Q2: $541 million), invested $28 billion in the first half of the year, and the lock-up periods expire in stages through 2027. About 82% of analysts recommend buying the stock; the average price target is $227.54, with estimates ranging from $118 to $450. The next test will be the Q3 results, which, according to market data, are scheduled to be released on November 3.

Key Points

Price: 146.26 EUR (Oct. 13, 2026), about 25% below the all-time high (194.46 EUR on June 16), Offering price: $135 Drivers: FCC approves Starlink Mobile (Oct. 6), spectrum acquisition from Grain Management (Oct. 8, reportedly $8 billion), price target increases Q2 2026: Revenue: $7.8 billion (+92%), net loss of $541 million, Starlink 12 million subscribers. Analysts: approx. 82% “Buy,” average price target $227.54 (range $118 to $450), Morgan Stanley: $300, HSBC: $115 Valuation: Market capitalization approx. 1.13 trillion EUR, 2026e EPS $0.15, P/E ratio not meaningful, no dividend Risks: Losses, high capital expenditures, lock-up expirations through 2027, FCC approval of the spectrum deal. Next Earnings Release: November 3, 2026 (Q3, according to market data, unconfirmed)

What are SpaceX’s current key metrics?

SpaceX stock is trading at $157, about 25% below its all-time high, with a market capitalization of approximately 1.13 trillion EUR, a 92% increase in revenue in the second quarter, and an average price target of $227.54.

Key FigureValueAs of

Price (Nasdaq: SPCX, Tradegate in EUR)

146.26 EUR (−0.25% for the day)

October 13, 2026

Previous day’s closing price

146.62 EUR

Oct. 12, 2026

Offering Price (IPO)

$135

June 12, 2026

All-Time High

194.46 EUR (intraday shortly after the IPO: $225.64)

June 16, 2026

52-week low

91.04 EUR

—

Distance from all-time high

approx. −25%

October 13, 2026

Change from 52-week low

approx. +61%

Oct. 13, 2026

Performance over 1 week / 1 month

−4% / +13%

Oct. 13, 2026

Market Capitalization

approx. 1.13 trillion EUR

October 13, 2026

Revenue Q2 2026

7.8 billion USD (+92%)

August 4, 2026

Net Loss Q2 2026

$541 million (Q1: over $4 billion)

August 4, 2026

Starlink subscribers

12 million (doubled from the previous year)

August 4, 2026

Investments in the first half of 2026

$28 billion (rockets, AI, data centers)

August 4, 2026

Net loss 2025 / EPS 2026e

$4.94 billion / $0.15 (P/E ratio not meaningful)

October 13, 2026

Analyst Ratings (37 firms)

Approx. 82% Buy, 14% Hold, 6% Sell

October 13, 2026

Average Price Target

$227.54 (range $118–$450)

October 13, 2026

Individual Price Targets

Morgan Stanley: Outperform $300; Pivotal: Buy $230; Susquehanna: Neutral $173; HSBC: Hold $115

July–Oct. 2026

Lock-up

Staggered releases through 2027; Musk’s shares locked up until June 12, 2027

October 13, 2026

WKN / ISIN / Ticker

A42D4F / US84615Q1031 / SPCX

—

Next Report (Q3), according to market data

Nov. 3, 2026 (date unconfirmed)

—

What news is currently driving SpaceX stock?

The most important news regarding SpaceX stock from the past few weeks at a glance:

Date | News | Details | Assessment

November 3, 2026

Next Date: Third-Quarter Earnings

According to wallstreet-online, the Q3 report is scheduled to be released on November 3; however, this date has not been confirmed. The focus will be on Starlink growth, losses, and investments.

Watch

Oct.–Dec. 2026

Additional lock-up expirations

According to Aktien.news, 328.4 million shares will be released on October 24, 1.3 billion in November, and 797.6 million in December. Other sources cite December as the next date. More shares entering the market could weigh on the stock price.

Bearish

Oct. 13, 2026

Pivotal Research raises the price target to $230

“Buy” rating confirmed; target raised from $220 to $230. Pivotal expects approximately 160 million mobile Starlink customers by 2036. Analysts’ target range extends from $118 to $450.

Bullish

October 9, 2026

Telecom stocks plunge following the SpaceX deal

Deutsche Telekom closes down 8.0%, T-Mobile US loses about 12%, and AT&T and Verizon each lose about 10%. SpaceX itself gains ground, and cell tower operators also rise.

Bullish

October 8, 2026

SpaceX buys 800 MHz spectrum from Grain Management

According to reports, the deal is worth $8 billion in cash; other sources do not specify a price. The FCC must approve the deal. Musk calls it the final, crucial piece of the puzzle for a nationwide cellular network.

Very bullish

October 6, 2026

FCC Approves Starlink Mobile

The U.S. agency approves a mobile satellite system with up to 15,000 satellites for direct reception on cell phones. Morgan Stanley reaffirms its “Outperform” rating with a price target of $300.

Very bullish

August 4, 2026

Q2 Results: Revenue Doubles, Loss Persists

Revenue of $7.8 billion (+92%), net loss of $541 million following over $4 billion in Q1. Starlink doubles subscribers to 12 million; capital expenditures in the first half totaled $28 billion.

Watch

August 6 and 20, 2026

First Lock-Up Expirations

On August 6, 911.5 million shares become available; on August 20, an additional 319 million. The stock temporarily falls below its offering price of $135.

Bearish

June 16, 2026

Record high after the IPO

After trading began on June 12 (offering price: $135), the stock reached a record high of €194.46 on June 16. This was followed by a decline of nearly half to the annual low.

Watch

What does SpaceX do—and how does the company make its money?

Company Description

The SpaceX stock (ISIN: US84615Q1031, WKN: A42D4F) represents Space Exploration Technologies, Elon Musk’s aerospace and satellite company. The initial public offering on the Nasdaq (ticker SPCX) took place on June 12, 2026, at $135 per share. In the second quarter of 2026, SpaceX generated revenue of $7.8 billion and reported a net loss of $541 million.

The business segments—and how SpaceX actually makes money:

Starlink: Satellite internet for residential and business customers, with approximately 12 million subscribers—twice as many as a year earlier. Starlink is the only profitable division and provides the foundation for the new mobile communications business: The FCC has approved Starlink Mobile with up to 15,000 satellites. Rocket launches (Falcon, Starship): Launches for governments and companies using reusable rockets, which provide a cost advantage over competitors. The 13th Starship test flight in July was successful, but the booster stage failed to land. AI and data centers: A growing, but so far loss-making, business into which SpaceX, along with its rocket operations, poured a large portion of the $28 billion in investments made in the first half of 2026. Morgan Stanley argues that the market has so far valued this segment at zero

Fundamental Analysis: How Much Speculation Is Already Factored Into SpaceX’s Stock Price?

Fundamental Analysis of SpaceX Stock (as of October 13, 2026)

A great deal: With a market capitalization of approximately 1.13 trillion EUR amid ongoing losses, the market continues to price in high growth; a P/E ratio cannot be calculated. Earnings per share in 2026 are estimated at $0.15, which would result in a P/E ratio of over 1,000 based on that figure. Anyone valuing SpaceX must therefore rely on growth projections and scenarios rather than traditional financial metrics.

Growth: Revenue rose by 92% to $7.8 billion in the second quarter. HSBC expects revenue to double to $38.2 billion by 2026, but anticipates GAAP losses through 2027 and positive free cash flow no earlier than 2030. By comparison: According to Börse Express, established aerospace and defense stocks such as Boeing, Lockheed Martin, and RTX are trading at P/E ratios ranging from about 19 to 50.

Losses and Investments: The net loss in the second quarter was $541 million, following over $4 billion in the first quarter and $4.94 billion for the full year 2025. In the first half of 2026, $28 billion was invested in missiles, AI, and data centers. My analysis of Palantir Aktie, and when it comes to AI infrastructure, it’s worth taking a look at the Bloom Energy Aktie.

Mobile communications as a new lever: With Starlink Mobile and Grain’s spectrum, SpaceX aims to target mobile phones directly. The deal still requires FCC approval, so a nationwide network hasn’t been built yet. My analysis of the Telekom Aktie.

Government Contracts and Politics: SpaceX relies heavily on U.S. government contracts, which provides predictability but also creates political concentration risk. You can also see how such government contracts drive stock prices in the Rheinmetall Aktie.

Lock-up periods: Following the first releases (August 6: 911.5 million shares; August 20: 319 million), additional tranches will follow through 2027. The dates vary depending on the source; Elon Musk is locked in until June 12, 2027. More freely tradable shares can weigh on the stock price, as was the case in July and August.

SpaceX Stock Price Targets and Forecast for 2026

How is the SpaceX stock price performing? (As of October 13, 2026)

According to wallstreet-online, the average price targets for SpaceX stock are $227.54 (range: $118 to $450), and approximately 82% of the 37 analysts recommend buying. Morgan Stanley (Outperform) cites $300, Pivotal Research (Buy) cites $230 following an increase from $220, Susquehanna (Neutral) cites $173 following an increase from $144, and HSBC (Hold) cites $115. The range is unusually wide because analysts have very different views on the company’s AI and mobile business segments. The 2026 forecast hinges on the Q3 results—which, according to market data, are scheduled to be released on November 3—and on the FCC’s decision regarding the spectrum deal.

The stock’s price history illustrates this volatility: After its initial public offering at $135, the stock reached a record high of $226.48 on June 16, fell below the offering price in July to an annual low of $9,105.23, and has since recovered to approximately $157 (+13% in one month).

Key price levels:

52-week high and all-time high since the IPO: $225.64 (intraday, June 16, 2026)Current price: approx. $157 (Oct. 13, 2026, intraday), closing price on Oct. 12: $163.42 First resistance level: $172.60 Second resistance level: $190.64 Analyst price targets: Average: $227.54, Morgan Stanley: $300, Pivotal: $230, Susquehanna: $173, HSBC: $115 Critical downside level: Closing prices below $150

Chart Analysis

News flow and the expiration of lock-up periods are currently driving the SpaceX stock higher. Most recently, it bounced lower off the $170 resistance level. However, it is well supported there. I expect buying interest to emerge at that level. From there, the stock could climb to $190.62. If selling pressure intensifies and the stock breaks below $150 sustainably, a further sell-off to $130.43 is realistic.

SpaceX Stock Chart Analysis and Price Targets for 2026 (as of Oct. 13, 2026) – Source: Stock3 / Christian Lill

Conclusion: Should you buy SpaceX stock now or wait?

My Assessment: Buy

Should you buy SpaceX now? From an operational standpoint, there are many positives for the stock: revenue up 92%, 12 million Starlink subscribers, an approved cellular network, and approximately 82% buy recommendations. At the same time, a valuation of approximately 1.13 trillion EUR is offset by ongoing losses, high investments, and lock-up periods that will release additional shares by 2027. October 9 demonstrated just how quickly a single catalyst can shake up an entire industry: Telekom fell by 8.0%, while SpaceX rose.

Those who believe in Starlink Mobile and the AI narrative will find the stock trading at around $150—about 25% below its all-time high—with an average analyst price target of $227.54. Those who remain cautious will wait for the Q3 earnings report on November 3 and the lock-up expiration dates, and watch to see if the stock holds its support level at $150.

✅ Opportunities

⚠️ Risks

• Average price target: $227.54; Morgan Stanley: $300; range up to $450
• About 82% of analysts recommend buying
• Starlink is growing strongly: 12 million subscribers, Q2 revenue up 92%, the only profitable segment
• Starlink Mobile approved, spectrum acquired from Grain: new markets for direct reception
• Reusable rockets provide a cost advantage; Starship test flight 13 successful in July
• Stock is about 61% above its 52-week low; price targets raised (Pivotal, Susquehanna)
• Losses: $541 million in Q2, $4.94 billion for the full year 2025, $28 billion in investments in the first half of the year
• Lock-up periods: phased releases through 2027 could bring additional shares to the market
• High valuation: Market capitalization approx. 1.13 trillion EUR; P/E ratio not meaningful
• Spectrum purchase does not yet constitute a nationwide network: FCC approval and network rollout are pending
• Dependence on U.S. government contracts and Starship approvals
• Share price remains about 25% below its all-time high; HSBC expects positive free cash flow no earlier than 2030

FAQ: Frequently Asked Questions About SpaceX Stock

Is SpaceX stock a buy in 2026?

About 82% of the 37 analysts listed on wallstreet-online recommend buying, 14% recommend holding, and 6% recommend selling; the average price target is $227.54. On the other hand, the stock is trading approximately 25% below its all-time high of 194.46 EUR, is experiencing ongoing losses, has a very high valuation (market capitalization of approximately 1.13 trillion EUR), and faces additional lock-up periods that could bring more shares to the market.

Why has SpaceX stock fallen from its record high?

There is no single identifiable cause. The fact is: Following the initial public offering on June 12, 2026, at $135, the stock reached a record high of 194.46 EUR on June 16, fell below the offering price in July, and hit a yearly low of 91.04 EUR. During this period, the first major lock-up expirations occurred (911.5 million shares on August 6, 319 million on August 20), along with a loss of $541 million in the second quarter. Since then, the stock has recovered to approximately 146 EUR.

What is the price target for SpaceX stock?

According to wallstreet-online, the average price target is $227.54, with a range from $118 to $450. Morgan Stanley cites $300 (Outperform), Pivotal Research at $230 (Buy, raised from $220), Susquehanna at $173 (Neutral, raised from $144), and HSBC at $115 (Hold, as of July). This range shows just how differently the market views the potential of AI and mobile communications.

What is the forecast for SpaceX stock in 2026?

For 2026, analysts expect SpaceX to see continued revenue growth and ongoing losses. HSBC anticipates revenue will double to $38.2 billion, with GAAP losses continuing through 2027 and positive free cash flow not expected until 2030 at the earliest. In the second quarter, revenue rose 92% to $7.8 billion. Earnings per share for 2026 are estimated at $0.15, so there is no meaningful P/E ratio.

When will SpaceX release its next earnings report?

According to wallstreet-online, the next quarterly report (Q3 2026) is scheduled for November 3, 2026; however, the company has not yet confirmed this date. The Q2 report was released on August 4, 2026.

How much is SpaceX’s dividend?

No dividend has been announced. SpaceX continues to report losses and invested approximately $28 billion in the first half of 2026, primarily in rockets, AI, and data centers.

How does SpaceX make money?

SpaceX generates revenue from its Starlink satellite internet service (12 million subscribers, its only profitable segment), rocket launches (Falcon, Starship) for clients such as governments, and is building out an AI and data center business. In the second quarter of 2026, revenue totaled $7.8 billion (+92%), while the net loss was $541 million.

What does SpaceX’s spectrum purchase mean for the mobile communications market?

According to reports, SpaceX is purchasing a nationwide 800 MHz spectrum package from Grain Management for $8 billion in cash; other sources do not specify a price. The deal still requires FCC approval. At the same time, the FCC approved Starlink Mobile with up to 15,000 satellites. Musk called the spectrum the final crucial piece of the puzzle for a nationwide network. U.S. network operators and Telekom came under pressure following the announcement, but SpaceX still has to build a nationwide network.

When do the lock-up periods at SpaceX expire?

The lock-up periods expire in stages through 2027. On August 6, 911.5 million shares were released, and on August 20, another 319 million. Sources cite additional tranches for the coming months; according to Aktien.news, among others, report 328.4 million shares on October 24, 1.3 billion in November, and 797.6 million in December; other sources cite December as the next date. Elon Musk is subject to lock-up restrictions until June 12, 2027.

Is this $SPCX (+1,15%) a buy right now?? The Starlink story has certainly made a big splash, at least

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$NVO (-0,52%)
$MU (+3,48%)
$NU (-0,25%)
$MCD (+0,56%)
$SPCX (+1,15%)

- Five Reasons to Buy

- Four Risks

- Nasdaq Listing

- Starlink

- Space Exploration

- xAI/Grok/Compute

- Other Future Markets

- Intense Competition

- High Customer Concentration

- Elon Musk: A Success Factor or a Risk Factor?

Link: https://www.ideas-magazin.de/2026/ausgabe-294/maerkte/spacex-mehr-als-raketenwissenschaft/?utm_source=techaktien-instagram&utm_medium=influencer&utm_content=aktie&utm_campaign=ideas-magazin

$SPCX (+1,15%)

$GOOGL (+1,38%)
$GOOG (+1,26%)

I’m also keeping Alphabet in my 2036 portfolio.

Investing.com – Alphabet plans to launch its artificial intelligence (AI) chips into Earth’s orbit on Thursday using a SpaceX Falcon 9 rocket. This is part of efforts to build data centers in space.

The launch is scheduled for 11:15 a.m. PT from Vandenberg Air Force Base in Santa Barbara County, California.

$SPCX (+1,15%)
$PL (+0,83%)

As part of the uncrewed Transporter-18 mission, SpaceX will transport satellites from Planet Labs, including a solar-powered prototype equipped with Google’s Tensor Processing Units (TPUs). The mission marks the first in-orbit test for Alphabet’s “Project Suncatcher,” an initiative the company first announced in November 2025.

According to Alphabet, “Project Suncatcher” aims to investigate whether space can host an infrastructure for machine learning. The company plans to develop a solar-powered AI computing infrastructure designed for continuous operation in space.

Alphabet holds a stake in SpaceX valued at over $82 billion.

In low Earth orbit, Alphabet says, satellites can access nearly constant sunlight and generate up to eight times more solar energy than on Earth. The company expects to eventually network multiple satellite constellations to handle larger AI workloads in orbit.

Alphabet has already tested its Tensor Processing Units, which execute AI workloads, at a facility at the University of California, Davis. However, it remains unclear how the chips will perform under the conditions of low Earth orbit.

SpaceX has announced plans to build and launch its own orbital data centers based on satellite swarms developed in Redmond, Washington. The satellites are to be equipped with graphics processing units and solar panels that SpaceX plans to produce in collaboration with Tesla.

$TSLA (+4,79%)

Earlier this year, Elon Musk stated that data centers in space would become the most cost-effective method for AI training within two to three years. Gwynne Shotwell, SpaceX’s chief operating officer, said at an event in September that the company would deploy supercomputing capabilities in space by 2027.

Alphabet schickt KI-Chips mit SpaceX-Rakete ins All

Hello everyone,

I’ve been keeping an eye on the $SPCX (+1,15%) stock for some time now. Following the latest test flight a few days ago, the stock price hasn’t changed much from a fundamental standpoint.

What’s your current take on this, and where do you see an opportunity to open an initial position?

I’d really appreciate hearing your thoughts on this.....

Why did I $SPCX (+1,15%) ? The simple answer is: Index mechanics. 📊

With a market capitalization of around 2 trillion U.S. dollars, no major index can ignore SpaceX anymore.

What many people underestimate:

Index funds (ETFs) must hold the stock as soon as it’s included in indices like the Nasdaq-100 or the Russell 1000/MSCI World.

When trillions in ETF capital flow mechanically into a stock with a relatively small free float, it creates enormous buying pressure.

Some indices are already adjusting their rules, and the S&P 500 will follow suit over time. Those who get in before the broad ETF wave positions themselves precisely for this flow. 📈

This is not investment advice!

#SpaceX
#SPCX
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