SpaceX shares rise after Musk forecasts stronger Q4 2026 revenue

Share price moves after Musk's comments

Coingape reports that SpaceX, listed as NASDAQ: SPCX in the article, climbed 8% on November 6 and finished trading at $134. The outlet says the move followed Elon Musk’s forecast that the company will come in ahead of Wall Street expectations in its Q4 2026 results. It also says the broader US market had already started to recover after an AI-led selloff on November 4, which created room for the shares to bounce.

Musk's revenue outlook for Q4 2026

According to Coingape, Musk expects SpaceX to deliver a 70% quarter-over-quarter increase in revenue for Q4 2026. The article says SpaceX reported $14.6 billion in revenue in Q3 2026, which would imply about $24.82 billion if Musk’s estimate is correct. Coingape adds that this figure is about $2 billion above Wall Street’s current estimate.

The article also says Musk repeated his longer-term view that annual recurring revenue could exceed $500 billion by the end of 2027. Coingape quotes him as saying, “It seems quite likely that our ARR in Dec 2027 will exceed $500B.” In the same quote, Musk said this was his “best guess” rather than a promise, and he added that $1 trillion is “not out of the question.”

Political and regulatory concerns in the article

Coingape says Musk’s upbeat outlook came despite concerns that the Democratic Party’s midterm election win could create regulatory risks for SpaceX operations. The article does not say those risks have already affected the company, only that the concern exists.

Deutsche Bank's view on the stock

The article reports that Deutsche Bank told clients to buy SpaceX stock after the recent AI and tech selloff tied to the post-midterm move in US markets. Coingape says the bank argued that fears about Democrats harming SpaceX and Tesla are overstated because the company mainly works with executive-branch agencies rather than Congress. It also says the bank pointed to contracts with federal agencies such as NASA and Space Force.

Coingape further reports that Deutsche Bank analysts said a congressional funding cut would be bearish for US interests. The outlet also says the bank thinks a possible crackdown on data centers may not matter much for SpaceX because most of the company’s compute capacity is expected to be outside Texas by 2027.

Technical picture and price levels

Coingape says the 8% gain on November 6 did not remove the broader bearish pressure on the shares. The article notes that the relative strength index is at 42, which it describes as bearish, and says the RSI line remains below the signal line. It also says the Awesome Oscillator remains red and negative, with bars that increased in length even as the price rose, which the article interprets as selling pressure still outweighing buying interest.

According to Coingape, a return of bearish momentum could send SpaceX toward $120, and a failure to hold that level could push it to $108. On the upside, the article says a move back above $135 could open the way toward $155.

Shorter-term signals and remaining uncertainty

The article says the hourly chart looks somewhat stronger, with RSI at 52 and the MACD rising above the signal line, even though it remains negative. Coingape says this suggests bears are losing control on the shorter timeframe. Still, the outlet says the recent rise may have been a relief rally after the sharp November 5 decline, and it says a sustained uptrend would need the short- and long-term signals to align.