Updated 1 min read
SpaceX (SPCX) reported highly anticipated third quarter results on Tuesday after the bell Here are the top-level highlights:
-
Revenue of $14.58 billion vs $12.7 billion estimated per Bloomberg consensus
-
EPS of $0.35 vs. $0.15
-
Adjusted EBITDA $8.81 billion vs $6.59 billion
-
Capital expenditures (capex) of $19.59 vs. $19.6 billion; AI capex of $16.44 billion vs. $16.9 billion
SpaceX stock was up 2% after the release. SpaceX said it added $6.7 billion of “incremental SI solutions and infrastructure revenue year-over-year, driven by cloud services agreements, the acquisition of Cursor, and our growing SI models and software applications, including Grok Bot.”
147.79 -0.17 (-0.11%)
At close: 4:00:01 PM EDT
154.14 +6.35 (+4.29%)
After hours: 4:52:40 PM EDT
LIVE 8 updates
-
SpaceX quarterly results explained
Yahoo Finance’s Brooke DiPalma and Jared Blikre share SpaceX results.
-
Starship mission 15 update
On the earnings call, CEO Elon Musk said Starship Mission 15, the next Starship launch, will attempt to catch both Starship and its booster. “Success is not guaranteed on these first flights,” Musk said, before playing a video to show a Mission 15 simulation.
SpaceX stock was up 3.5% after hours
-
SpaceX call starting at 4:30p ET
SpaceX’s earnings call will start at 4:30 pm ET. Expect CEO Elon Musk and the company to discuss the latest on Starship, AI buildout, Terafab, and even orbital data centers.
You can watch the live audio-only webcast of the SpaceX earnings call on the SpaceX Investor Relations Website or via the official live stream broadcast on X @SpaceX.
-
SpaceX stock rises after Q3 earnings release
SpaceX stock rose over 2% shortly after the release of its Q3 earnings.
147.79 -0.17 (-0.11%)
At close: 4:00:01 PM EDT
154.14 +6.35 (+4.29%)
After hours: 4:52:40 PM EDT
In addition to a top- and bottom-line beat, part of the move might be because spending came in less than expected. SpaceX reported capital expenditures (capex) of $19.59 vs. $19.6 billion, with AI capex of $ 16.44 billion vs. $16.9 billion.
In addition, SpaceX said Starlink subscribers rose to 13.6 million users, with connectivity segment revenue hitting $5.2 billion.
-
SpaceX stock on edge ahead of earnings release
SpaceX stock is on edge ahead of a highly expected earnings release.
147.79 -0.17 (-0.11%)
At close: 4:00:01 PM EDT
154.14 +6.35 (+4.29%)
After hours: 4:52:40 PM EDT
Shares were trading in range in were down less than 1%. Investors are hoping to hear more on AI spending, Starship rocket launches, Starlink deployment, and of course whether a merger is in the works with Tesla.
Expect CEO Elon Musk and company to address these issues when the earnings call starts at 4:30pm ET.
-
SpaceX surprises Wall Street with Oct. 20 earnings date — here’s why
While Wall Street was still in a state of disbelief late last week that Elon Musk made a flying Tesla (TSLA) Roadster, his SpaceX (SPCX) team came out with a not-so-small note on its investor relations page.
SpaceX earnings are coming out on Oct. 20 after the market close. The announcement was a surprise to many on the Street, as it’s common practice for earnings release dates to be shared weeks in advance.
But there may be a few reasons behind SpaceX’s rushed earnings date.
“Possible explanations include a desire to put updated financials on record ahead of further financing arrangements or share time-sensitive operational/strategic updates — either before counterparties do or to give the market time to digest the implications ahead of the sizeable lock-up releases (1.30 billion shares two days after earnings, 329 million on 10/24, and the remaining 857 million tranche of the 180-day group thereafter). Or the explanation could be as mundane as scheduling — it’s just hard to know,” said Evercore ISI analyst Kutgun Maral.
Tesla CEO Elon Musk, October 8, 2026. REUTERS/Evan Vucci · REUTERS / REUTERS -
SpaceX has one big financial swing factor that investors are very focused on
The deciding factor on if SpaceX (SPCX) shares truly lift-off in 2027 may revolve around what’s happening down on Mother Earth, specifically on how much computing power the company is selling to a hungry world of AI infrastructure builders.
“Looking forward to next year, the largest swing factor in respect to forecasts will be compute deployment, in our view. Management is targeting >2 GW exiting 4Q26, which we think is doable, and then 5-10 GW exiting 2027. We continue to model toward the low end at ~6 GW and have line of sight into procuring 5-7 GW of power over the next couple of years,” says Deutsche Bank analyst Edison Yu.
CAPE CANAVERAL, FLORIDA, UNITED STATES – 2026/10/13: A SpaceX Falcon 9 rocket and Dragon spacecraft with supplies for the International Space Station (ISS) lifts off from SLC 40 at Cape Canaveral Space Force Station in Cape Canaveral. Cargo for the CRS-35 mission includes replacement Roll Out Solar Arrays for the ISS and three live shrimp as part of the SCAMPI research project. This was the 35th SpaceX flight under the Commercial Resupply Services 2 contract with NASA. (Photo by Paul Hennessy/SOPA Images/LightRocket via Getty Images) · SOPA Images via Getty Images -
What could a Tesla-SpaceX merger earn? Cathie Wood’s Ark Invest has a $2.7 trillion answer.
A combined SpaceX (SPCX) and Tesla (TSLA) would haul in some serious coin, Cathie Wood’s Ark Invest said in a new note.
The Elon Musk bull’s firm estimated that SpaceX and Tesla could generate $3.8 trillion in sales and $2.7 trillion in operating profits by 2031, with SpaceX contributing roughly 62% and 69%, respectively.
To get a sense of how bullish a call this is, Yahoo Finance data shows that Wall Street analysts expect SpaceX to post $43 billion in sales this year, while Tesla clocks in at $107 billion.
“While our model assesses Tesla as a standalone business, a SpaceX-Tesla merger could take place within the next five years,” the Ark Invest team said. “Tesla’s highly cash-generative robotaxi network could help fund SpaceX’s ambitious plans for orbital data centers, and at the same time SpaceX’s compute-intensive frontier AI models could serve as the planning layer for Optimus deployments. Working together on the Terafab project, both companies could alleviate chip constraints.”