SpaceX revenue surges 92% on Starlink and AI; Maybank recommends accumulating SPACEX80 with target of 7.48 baht

EarningsAnalyst Impact 4
โดย Kaohoon·US·Read original
Summary · why it matters

SpaceX reported total revenue of 7.81 billion US dollars in the latest quarter, growing 92% from the same period last year and beating market expectations by about 14.8%. The main drivers were the Connectivity business, or Starlink, with revenue up 66%, and the AI business, with revenue up 247%. Net loss narrowed to 541 million US dollars from a loss of 1.01 billion US dollars a year earlier, while adjusted EBITDA rose 191% to 3.54 billion US dollars. Starlink users reached 12 million, and the company recognized revenue from Cloud Services Agreements worth a total of 14.1 billion US dollars. Bloomberg Consensus forecasts full-year 2026 total revenue to increase 106.7%, with the AI business expected to grow 420% and the Connectivity business 48.8%. Maybank Securities Thailand recommends gradually accumulating on share price weakness, setting a target price for SPACEX80, a depositary receipt referencing SpaceX shares issued by Krung Thai Bank, at 7.48 baht, implying an upside of about 79.0% from the current price of 3.86 baht.

Impact on stocks 2

Space Economy▲ · 1 stocks
Financials▲ · 1 stocks

Theme Impact 3

Off-coverage companies 1

Maybank Securities (Thailand) Public Company LimitedPrivate▲ Positive
Capitalrelevance

Maybank Securities issued a positive recommendation and target price for SPACEX80, reflecting its analysis.

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