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StocksMediumUpdated•Originally published 16 October 2026•Updated 16 October 2026•
1 min read

Evercore Hikes SpaceX Target as Revenue Outlook Tops $100 Billion

Key Facts

1SpaceX is pursuing an $8 billion wireless spectrum deal.
2Rocket Lab announced delays for its Neutron rocket until 2027.
3Tesla merger speculation revived following updates regarding the Roadster.

Evercore raised its price target for SpaceX ahead of the company's Q3 earnings report scheduled for next Tuesday. The firm highlighted that SpaceX's revenue potential could exceed $100 billion, bolstering investor sentiment across the space economy sector.

This valuation upgrade follows reports from Benzinga that SpaceX is pursuing an $8 billion wireless spectrum deal. SPCX closed at $148.62 on October 15, 2026, while Tesla shares (TSLA) closed at $362.44 on the same date. These developments contrast with Rocket Lab's recent announcement delaying its Neutron rocket launch until 2027.

SpaceX is scheduled to release its Q3 earnings report on Tuesday, October 20, 2026, which is expected to provide further clarity on the company's $100 billion revenue trajectory.