Bank of America sends SpaceX stock investors strong signal

• BofA raised price target to $275 after Q3 beat expectations • AI segment overtook Starlink as largest revenue contributor • Insider selling and heavy capex remain key investor concerns BofA lifted its SpaceX target to $275, citing Q3 results that crushed estimates: $0.35 EPS vs. $0.10 expected and $14.58B revenue. AI revenue hit $7.6B, surpassing Starlink. However, $19.6B in Q3 capex and upcoming insider sales of 1.3B shares add pressure. CFO guided Q1 2027 revenue of $33-37B, far below Musk's $1T goal, highlighting execution risk.