SpaceX Stock Price Outlook as Elon Musk Forecasts 70% Jump in SPCX Q4 2026 Revenue
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SpaceX (NASDAQ: SPCX) shares jumped 8% on November 6 to close at $134 after CEO Elon Musk forecast that the company will beat Wall Street estimates in its Q4 2026 earnings, with revenue projected to rise 70%. The rally came as the broader AI-driven selloff that hit US stocks on November 4 continued to ease, giving investors room to rotate back into the name. Musk’s guidance puts SpaceX’s quarterly revenue trajectory well above consensus expectations, a signal that matters for a stock whose valuation leans heavily on future growth. Traders will watch whether the $134 close holds as a support level and whether analysts revise their Q4 2026 models upward in response to the forecast.
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SpaceX (SPCX), Elon Musk, NASDAQ
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