+34
Evercore ISI analyst Kutgun Maral reiterates an Outperform rating on SpaceX with a $230 price target, citing Elon Musk's recent disclosure of massive GPU deployments at Colossus 1 and 2. The note suggests the market is underestimating the company's compute capacity, which is expected to significantly boost 2027 revenue and EBITDA beyond consensus estimates, despite near-term increases in capital expenditure.
for the first time today. In the process, it deployed all 26 Starlink V3 satellites on board — essentially 26 revenue generators for the company.
But a note out at midday today from Evercore ISI SpaceX bull Kutgun Maral caught our eye. He said the next catalyst for SpaceX could be tied to its appetite for GPUs. And it's a catalyst investors may be overlooking. Maral reiterated a $230 price target on SpaceX and an Outperform rating.
SpaceX stock currently trades at $147, up about 5% in the past month.
"SPCX remains one of our top picks, and we think investors should be leaning into the story, as a post by Elon Musk on X detailing current and expected GPUs across Colossus 1 and 2 indicates the Street is underestimating the company's 2H26 compute and therefore 2027 revenue and EBITDA," Marel said. "Musk's post details that SPCX has 780k GPUs online at Colossus 1 and 2, and that it expects at least two — or three if they"get lucky" — 220k GB300 tranches by year-end.
We estimate that this would take capacity to ~2.3 GW with the two tranches and ~2.7 GW if all three materialize, well north of consensus at 2.1 GW. Near term, this implies 2H26 capex estimates will need to move much higher.
However, this positions 2027 revenue and EBITDA to come in significantly ahead of Street estimates even without ascribing credit for the company's ambitions for the upper end of 5-10 GW by YE2027 assuming current compute deals are maintained/extended and pricing remains healthy.
" Addressing why some investors have hesitated, Marel added,"We appreciate that the story is complex and that many investors remain on the sidelines until they get more comfortable with Starship , terrestrial compute , and feasibility of orbital compute/Starlink mobile. However, we don't think execution across terrestrial compute is getting the credit it deserves, and that the colossus ramp is being missed. "
Please follow us on Google to support usSpacex Starlink GPU Compute Evercore ISI Elon Musk
Canada Latest News, Canada Headlines
Similar News: You can also read news stories similar to this one that we have collected from other news sources.
SpaceX Starship test reaches Earth orbit, 26 Starlink satellites deployedSpaceX put Starship into Earth orbit for the first time on Monday and deployed all 26 Starlink V3 satellites on board, despite an engine going out during ascent, a SpaceX representative said during the company's live broadcast.
Read more »
SpaceX Launches Starship to Perform First Orbital TestStarship will circle the Earth six times at an altitude of 171 miles.
Read more »
SpaceX's giant Starship reaches orbit for the first time but the flight ends earlySpaceX launched its enormous Starship into orbit for the first time Monday and successfully delivered the most advanced Starlinks yet, but decided to cut short the flight.
Read more »
SpaceX Starship reaches orbit but flight cut short after engine issueSpaceX's Starship launched from Texas on September 28, 2026, became the first of the rocket's versions to reach orbit, released 26 Starlink satellites, but was cut to three hours and splashed down in the Pacific as the company tests the vehicle ahead of NASA's Artemis missions.
Read more »