Is It Too Late to Buy SpaceX Stock After Its Monster Third-Quarter Earnings Report? Here's the Answer.
2026-10-24 06:11
•Jack Delaney •The Motley Fool
•••••• • Axe Cap view
SpaceX's AI Surge: Too Late to Buy?
SpaceX’s Q3 earnings smashed forecasts driven by its AI division, but is the rally overdone for South African investors?
SpaceX's latest quarter revealed a striking leap in AI revenue, jumping to $7.6 billion from just $813 million a year ago. While this tech spectacle feels miles away from the Johannesburg Stock Exchange, South African investors should watch the USD/ZAR closely. The rand usually takes a hit when global tech giants rally strongly in dollars, making local tech or export-dependent stocks less appealing short term. South Africa’s market doesn’t have a listed AI heavyweight to mimic SpaceX’s surge, so the real play is currency-driven. If you expect the dollar to remain robust against the rand, especially amid the Fed’s interest rate outlook, keeping an eye on USD/ZAR’s swings is key. However, this depends heavily on US macro data and geopolitical risks, which could reverse dollar strength quickly. this is just our opinion and not financial advice
I’d watch the rand/USD pair closely and avoid chasing speculative exposure linked to SpaceX-like tech hype here. Stick to buying high-quality rand-hedged miners like AngloGold Ashanti if the currency weakens. Wait before adding fintech or local tech hopefuls until more concrete earnings momentum materialises.
- USD/ZAR
- AngloGold Ashanti
- US dollar weakness from dovish Fed shifts
- Renewed rand strength from local political or economic stability
5/10
SpaceX reported strong Q3 2026 earnings with $14.5B revenue (beating $12.7B estimates) and $4.4B net income. The AI division generated $7.6B in revenue, more than half of total revenue, up from $813M year-over-year. While the stock has experienced significant volatility since its June IPO, analysts suggest long-term investors with conviction should not hesitate to buy, as the company is still in early stages of capturing its $26.5T AI-focused total addressable market.
Our take is based on reporting first published by The Motley Fool.