SpaceX (SPCX), Elon Musk's space and AI company, released its second earnings report since going public, and its stock was up roughly 10% as of Oct. 21. Third-quarter revenue reached $14.6 billion, up 161% year over year, and net income was $4.4 billion versus a $1.1 billion loss a year earlier. Starlink revenue rose 69% to $5.2 billion with operating income of $2.4 billion, and the service ended September with 13.6 million consumer subscribers and over 3,800 aircraft equipped with Starlink. The Super Intelligence (SI) division's revenue hit $7.6 billion, up 830%, and generated $431 million in operating income compared with a $1.7 billion loss a year earlier, with Cursor contributing $608 million. SpaceX spent $19.6 billion on capex in the quarter, so the article notes that operating profit does not yet mean positive free cash flow, and suggests dollar-cost averaging rather than chasing the post-earnings rally.
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Related tickers and likely impact
TSLA
• NeutralTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/20/2026 | 373.71 |
| Change that session | +1.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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