See the full story in the original article.
Original headline: Can Tesla Copy SpaceX’s AI Magic? What to Watch in Its Earnings Report.
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TSLASpaceXartificial intelligenceearnings
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Related tickers and likely impact
TSLA
• NeutralTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/20/2026 | 373.77 |
| Change that session | +1.55% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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- Tesla Earnings Prediction Market Preview: Will Elon Musk Discuss a SpaceX Merger?
Tesla (NASDAQ:TSLA) reports third-quarter earnings after the bell on Wednesday, a day after CEO Elon Musk confirmed that independent committees are exploring a merger with SpaceX (NASDAQ:SPCX). Analysts expect adjusted earnings of 43 cents a share on $27.88 billion in revenue.
- SpaceX Stock Surges 7% Following Strong Revenue Groand And Merger Talk
SpaceX shares rose 7% in pre-market trading after the company reported third-quarter revenue of $14.6 billion, up 161% from a year earlier and above estimates of $13 billion. Net income reached $4.4 billion versus a $1.05 billion loss last year, and adjusted EBITDA hit $8.8 billion, driven by its AI unit, whose revenue rose to $7.56 billion from $813 million. Starlink connectivity revenue reached $5.2 billion, up 69%, as consumer subscribers grew by 1.6 million to 13.6 million. The company forecast first-quarter 2027 revenue of $33 billion to $37 billion, versus analysts’ expectations of $22.2 billion, and reported a $63 billion backlog. Musk’s comments on a possible Tesla merger also drew attention.
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On October 20, 2026, SpaceX (SPCX) reported third-quarter results, and Elon Musk said annual recurring revenue by the end of 2027 could be between $500 billion and $1 trillion. Later on X, he said $1T in 2028 is “no longer impossible.” Third-quarter revenue was $14.58 billion, and CFO Bret Johnsen said the company remains on track for a $100 billion run rate by the end of 2026 and guided first-quarter 2027 revenue to $33 billion to $37 billion. The stock closed at $147.79, down 0.11%, but rose 8.06% to $159.70 in after-hours trading. The article notes the trillion-dollar target has been pulled forward twice in a few months, while fourth-quarter capital spending is guided at $35 billion to $40 billion, well above third-quarter revenue.
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US stock futures were mostly higher on Wednesday, with S&P 500 futures up 0.2% and Nasdaq 100 futures up 0.5%, as investors weighed the Middle East conflict, AI spending and upcoming earnings. Elon Musk said SpaceX and Tesla have formed committees to assess a possible combination, but the committees had not agreed on terms, and he said there was no guarantee a merger would happen. SpaceX reported third-quarter revenue of $14.6 billion, up more than 160% from a year earlier, and profit of $4.4 billion. Media reports citing Anthropic's disclosures tied to a possible IPO showed $16.3 billion in first-half revenue, with about 20% from two customers, and a net loss above $80 billion, largely due to an accounting adjustment. Tesla and Meta are scheduled to report quarterly results after the close.
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Eric Schmidt was vetted by Sergey Brin and Larry Page and hired as Google's CEO after an unconventional interview process, with Brin citing Schmidt as the only CEO finalist who had gone to Burning Man. In 2011, Schmidt began dating Camilla Clark for three years; she later married Anthropic CEO Dario Amodei. In 2018, that connection led Schmidt to meet with her and her then-partner to discuss Anthropic, and he invested early and now owns about 1% of the company. According to the Financial Times, Anthropic could be valued at as much as $2 trillion in an IPO, which could make Schmidt's stake worth $20 billion, more than half his current net worth per Forbes, compared with the roughly $461 million valuation when he invested.
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