A thought on $SpaceX(SPCX.US) CY27 Street estimates: The company’s guidance calls for about $8.5B in monthly revenue in December. The Street is currently at about $100B in revenue for CY27, which will be up an impressive 122% y/y.
Before I get into this modeling exercise, it’s worth noting the unknowns around the company’s seasonality. For example, the launch business (8% of sales in Dec-26) is lumpy, and the Cursor business is taking off month over month.My basic thought is a majority of SpaceX’s businesses are rapidly growing month over month, which leads me to believe SpaceX’s revenue will grow month over month in CY27. Having fun with numbers, if you assume 5% m/m growth off the $8.5B in December, we get to CY27 revenue of $135B compared to the Street at about $100B .The key question is what happens with the cloud business and those contracts that have 90-day cancellation provisions? My take: those contracts aren’t going away because we’re still in the top of the first when it comes to inference.Source: Gene Munster
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