SpaceX reported quarterly revenue of $14.6 billion, compared with $12.7 billion expected, marking a 161% year-over-year increase, while adjusted earnings reached $0.45 per share against a forecast of $0.13. Shares surged 8% after the release as investors praised Starlink’s growth, with consumer subscribers increasing by 1.6 million to 13.6 million. SpaceX aims to begin volume production of AI-linked chips within two years through its collaboration with Tesla and Intel, while stronger adoption of Grok and cloud services is increasing analyst confidence. Banks raised their price targets, including JPMorgan at $500, Barclays and Morgan Stanley at $300, UBS at $230 and Citi at $240, while HSBC retained a hold rating with a $150 target.
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