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- SpaceX's Q3 revenue beats expectations: Earnings breakdown
SpaceX (SPCX) reported third-quarter results after Tuesday's close, with revenue of $14.58 billion versus analysts' estimates of $12.87 billion and net income of $4.4 billion versus about $1.9 billion expected. Connectivity revenue reached $5.25 billion against $4.9 billion expected, while the presenter cited AI revenue of $7.56 billion as the largest revenue component. Total costs rose to $11.8 billion, above the $11.2 billion estimate, but total capex of $19.59 billion came in slightly below the $19.68 billion forecast, and EBITDA of $8.81 billion beat the $6.59 billion estimate. Shares were up about 1% in after-hours trading, and the CFO said the company delivered another strong quarter while focusing on capital efficiency and a robust investment-grade balance sheet.
- SpaceX Reports Earnings Today. Here Are the Key Numbers Investors Should Watch.
SpaceX (SPCX) is set to report third-quarter earnings after the market closes on October 20, 2026, with Wall Street expecting sales of $12.72 billion and earnings of $0.13 per share. The author is focused on Starlink's average revenue per user, which was $66 a month in the second quarter, flat from the first quarter but down from $85 a year earlier, and on whether price cuts are a growth tactic or a sign of a natural ceiling. For the space business, the key question is progress toward reliable, reusable Starship launches. In AI, the author will watch the gap between spending and revenue: SpaceX spent $15.8 billion on AI capital expenditures last quarter while booking $2.6 billion in segment revenue.
- SpaceX earnings will be all about AI — for better or for worse
- 35 Analysts Cover SpaceX. Here's Why Their Price Targets Have Almost Nothing to Do With Rockets.
According to TipRanks, 35 analysts set 12-month price targets for SpaceX (SPCX) ranging from $75 to $450, with an average of $217, nearly 50% above the stock price at the time of writing. Morgan Stanley assigns just $8 per share to the external launch business, versus $118 for Starlink connectivity and $165 for enterprise AI. In Q2, the Space segment generated $962 million in revenue and a $542 million operating loss, and 28 of the 38 launches were internal missions. The Connectivity segment earned $1.66 billion in operating income on $4.29 billion of revenue, while AI revenue rose nearly 247% to $2.56 billion but posted a $1.26 billion operating loss. The wide valuation gap reflects uncertainty over AI, where one customer accounted for 19.5% of consolidated revenue and cloud contracts can be terminated with 90 days' notice.
- SpaceX Pops After Q3 Beat, Posts First Profit (Live Coverage)
- SpaceX reports after the bell. Here's what options traders expect
SpaceX reports earnings after the bell on Tuesday. Over the past three months it delivered four astronauts to the International Space Station in record time, expanded its mobile network spectrum, was reportedly eyeing a $40 billion debt deal to buy Nvidia chips, and CEO Elon Musk said he plans to give shares to every kid in America next year. Options market-makers price a roughly 6% move after the report, per Cboe LiveVol data, less than half the 13% erased after its August debut report. The stock rallied 60% over the following two months before reversing, dropping as much as 19% in the past two weeks. Monday's 1.1 million contracts traded were 20% above the 30-day average, with 665,000 calls, and implied volatility is 62 versus above 110 before second-quarter earnings. Two lockup releases, one two days after earnings and one on October 26, together cover over 1.6 billion shares, while earlier releases on Sep. 9, 10 and 24 had no discernible effect.
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- CEO Elon Musk Just Gave SpaceX Investors Great News
SpaceX reported third-quarter revenue of $14.6 billion (up 161%) and net income of $4.4 billion, versus a $1.1 billion net loss a year earlier, with adjusted EBITDA of $8.8 billion (up 306%), all above analyst expectations. Its Super Intelligence (SI) unit posted revenue above $7.5 billion, beating estimates by over $1 billion, while Starlink subscribers grew by 1.6 million to 13.6 million. Total capital expenditures were nearly $19.6 billion, with $16.4 billion allocated to SI. Musk expects compute capacity of 2.5–3 GW by year-end, up from 1.7 GW, says he feels confident of bringing another 10 GW online in 2027, and expects annual recurring revenue of $500 billion to $1 trillion by the end of 2027. Shares climbed nearly 5% in after-hours trading.
- Amazon vs Alphabet: Which "Magnificent Seven" Stock Is the Better Buy Right Now?
The article compares Amazon (AMZN) and Alphabet (GOOGL, GOOG), two of the world's most valuable companies. Alphabet's valuation is around $4.1 trillion versus Amazon's $2.8 trillion, but Amazon's revenue over the past four quarters, $776 billion, is much larger than Alphabet's $446 billion. Alphabet generated $148 billion in operating profit at a 33% margin, while Amazon's operating margin averaged just 12% over the past 12 months. Amazon's forward P/E is nearly 24, above the S&P 500 average of 19, while Alphabet's is just under 22, and the author concludes Alphabet is the better buy.
- September 2026 Quarterly Results
Westgold (ASX: WGX) reported Q1 FY27 (quarter ended 30 September 2026) gold production of 98.4koz at an AISC of $2,912/oz, versus 98.9koz at $2,802/oz in Q4 FY26. The company recorded no lost time injuries, lifted ore stockpiles 51% to 696kt, and reaffirmed FY27 guidance of 385–425koz. An AISC margin of $3,117/oz delivered $292M in mine operating cash flow and an underlying Treasury build of $251M, lifting cash, bullion and liquid investments to $1,040M, and the company remains debt free and unhedged. Group Ore Reserves rose 41% to 4.1Moz, a $50M on-market buy-back was approved with $22M already bought, and a revised policy sets a minimum annual return of 3 cents per share.
- Elon Musk pushes to merge SpaceX and Tesla
Elon Musk said he wants to merge SpaceX and Tesla, two companies he said are worth a combined $3.5tn (£2.6tn). Both firms have set up committees of independent directors to study the idea at shareholders’ request, while Musk, who has major stakes in each, is excluded from the talks. He said there was “a lot of merit” to combining them, citing gains from co-operating on AI software, chip design, the TeraFab chipmaking plant and robotics, but cautioned that a merger should not be seen as a certainty because shareholders must support it. Tesla shares rose 1% after the announcement, while SpaceX shares gained more than 6% after better-than-expected quarterly results, with revenue up 161% to $14.6bn and a $4.4bn profit driven by its AI business.
- Pinterest Just Gained 20% in a Month: Take Profits, or Buy More?
Pinterest (PINS) shares rose 20% over the past month through Monday's close, outpacing the S&P 500's 0.6% gain and Snap's 13%. The stock fell in September after CEO Bill Ready warned about pressure in the international business, but it bottomed just above the roughly $18.17 average price of its buybacks and rallied in October. On Oct. 5, Pinterest named James Dibbo CFO, effective Oct. 26; he previously ran finance for Amazon Ads and Prime Video. At a forward P/E of 10.3x versus a five-year average of 24x, the author sees room for the multiple to rise if US and Canada growth stays near 18%, but warns that a miss on third-quarter revenue guidance of $1.19 billion to $1.21 billion could send the stock back toward the $18 buyback price.
- Why Dime Commercial Bancshares Stock Rocked the Market Today
Dime Commercial Bancshares (DCOM) shares rose about 6% on Tuesday, while the S&P 500 gained 0.3%, after the bank posted a solid third-quarter report and announced an acquisition. Total revenue climbed 19% year over year to over $135 million and deposits grew 7% to $12.8 billion, while loans edged down to under $10.8 billion. Non-GAAP attributable net income rose almost 50% to $39.1 million ($0.91 per share), and CEO Stuart Lubow pointed to $2.2 billion in cash and an 83% loan-to-deposit ratio as results of a deliberately liquid balance sheet. Dime agreed to buy ES Bancshares for about $58 million in cash and stock, strengthening its presence in Brooklyn and Staten Island, at roughly 1.1 times the target's tangible book value per share.
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