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SpaceX Stock Price Outlook as Elon Musk Forecasts 70% Jump in SPCX Q4 2026 Revenue

By Muthoni Mary

SpaceX (NASDAQ: SPCX) stock price soared by 8% on November 6 to close trading at $134. The gains occurred after the company’s CEO, Elon Musk, forecast that SpaceX will surpass Wall Street estimates in its Q4 2026 earnings. Meanwhile, the AI selloff that rocked US stocks on November 4 has since eased, creating an…

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Artificial intelligence

Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.

AI is changing work, media and public services, raising questions about jobs, safety and regulation.

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Revenue

The total money a company earns from selling goods or services before any costs are subtracted.

Revenue growth shows demand for a company's products; profit shows whether it earns money from them.

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Quarterly results

A public company's report of its revenue, profit and outlook for a three-month period.

Results show how a business is really doing and often move its share price sharply.

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