SpaceX (SPCX) reported third-quarter 2026 revenue of $14.5 billion, above the $12.7 billion analysts expected. Adjusted EPS was $0.45 versus $0.13 expected, and net income was $4.4 billion, compared with a net loss of more than $1 billion a year earlier. Its AI division generated $7.6 billion in revenue, up from $813 million, and accounted for more than half of total revenue. The shares have been volatile since their June debut, falling to $104.83 on Aug. 3, closing at $147.79 on Oct. 20, and opening at $160.56 on Oct. 21. Citing its S-1 filing, the article notes SpaceX estimates a total addressable market of $28.5 trillion, with $26.5 trillion from AI. The author argues that long-term investors who can handle price swings have not missed the chance to buy.
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