SpaceX soars ~10% after Q3 beat as Q1 2027 revenue guidance of $33-37B crushes $22B estimate; analyst price target raised 108% to $500

What happened

SpaceX shares soared nearly 10% to ~$161.96 in early Wednesday trading after Wall Street gushed over the company's Tuesday-evening Q3 report and its first-ever forward guidance. The company guided first-quarter 2027 revenue of $33-37B, demolishing the ~$22B Wall Street consensus. One analyst raised its price target 108% to $500. CEO Elon Musk said AI demand and pricing are stronger than expected, claiming the company could 'rent out our compute several times over' and faces a long-lasting shortage of 'Super Intelligence compute.'

Who’s affected

• SPCX (SpaceX): surged ~10% to ~$162 Wednesday; one analyst raised its price target 108% to $500
• MU (Micron): +2.4% on the AI-demand read-through
• INTC (Intel), NVDA (Nvidia): +1-2%
• GEV (GE Vernova): +4%; BE (Bloom Energy): +5% — power-equipment names pulled along by AI buildout demand
• VRT (Vertiv): +7%; ETN (Eaton): +2% — electrical/cooling infrastructure beneficiaries

Sources

barrons.cominvestors.com