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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TSLA
• NeutralTesla, Inc.
Relevance: low
| 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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