SpaceX (SPCX.US) results massively beat expectations! JPMorgan doubles price target to $500; Morgan Stanley and UBS bullish on long-term prospects.

Zhitong Finance APP has learned that SpaceX (SPCX.US) reported third-quarter 2026 results that significantly beat Wall Street expectations, with the rapid expansion of its artificial intelligence (AI) computing power business becoming the main driver of growth. As the company substantially raised its future computing capacity buildout targets, JPMorgan, Morgan Stanley and UBS successively released research reports on October 21, expressing optimism about SpaceX's long-term development prospects in AI infrastructure, Starlink satellite communications and Starship businesses. Among them, JPMorgan sharply raised its target price from $240 to $500, Morgan Stanley maintained its $300 target price, and UBS raised its target price from $210 to $230.