SpaceX's Adjusted Earnings Quadrupled in Q3. Is the Stock Heading Back to $200?

SpaceX reported impressive Q3 results with revenue more than doubling to $14.6 billion and adjusted EBITDA quadrupling to $8.8 billion, driven largely by its Super Intelligence segment. However, despite strong growth, the stock remains highly valued at 85x estimated future profits with a $2 trillion market cap, and analysts don't expect it to reach its previous $200 peak without a more significant catalyst.