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.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
SpaceXearningsartificial intelligencetelecommunications
Open a keyword to see other news on the same topic.
Related news
- SpaceX Is Buying Airwaves to Take On the Wireless Carriers. Is the Stock a Buy?
On October 8, SpaceX agreed to buy Grain Management's nationwide 800 MHz spectrum portfolio to help its Starlink Mobile service reach phones indoors; terms were not disclosed, though The Wall Street Journal put the price at about $8 billion in cash. Shares of T-Mobile, Verizon and AT&T each fell over 10% the next day, while SpaceX stock barely moved and trades near $146, about 31% below its record $211.39 close on June 16. In the second quarter, SpaceX's connectivity segment, which houses Starlink, posted revenue of $4.3 billion, up 66% year over year, and was the only segment with an operating profit; the Grain purchase still needs FCC approval. At a valuation of about $2 trillion, the $8 billion is under 1% of that, but trailing four-quarter revenue of about $23 billion leaves the stock above 80 times sales, and the company lost $4.8 billion in the first half of 2026. The author considers the stock still too pricey, noting that revenue from direct phone service is probably more than a year away and that third-quarter results are due October 20.
- AST SpaceMobile Rises 4% as Europe’s Largest Carriers Explore Joint Satellite Spectrum Bid; SpaceX and Rocket Lab Edge Higher
AST SpaceMobile rose 4% to $42.24 in early trading after its carrier partners, described as Europe's four largest, signed a letter of intent to explore a potential joint bid for mobile satellite services spectrum. The letter names no financial terms and adds no signed revenue yet, while SpaceX and Rocket Lab rose more modestly. The company has 13 BlueBird satellites in orbit, targets about 45 by early 2027, and says its carrier partners cover more than 3 billion subscribers. Its Q2 2026 revenue of $31.52 million missed expectations, and the loss of $0.77 per share also fell short, though management reaffirmed revenue guidance of $150 million to $200 million for the year. Pro forma liquidity tops $3.7 billion and the signed backlog is roughly $1.3 billion.
- Will Starlink Mobile matter for Apple?
Bank of America says Starlink Mobile could challenge Apple's iPhone sales model by disrupting US carrier subsidies, though the near-term earnings impact looks limited. SpaceX has agreed to buy Grain Management's nationwide 800 MHz spectrum, on top of about $17 billion of spectrum purchased from EchoStar, and has regulatory approval for a 15,000-satellite constellation and to offer mobile service without a carrier partner. About 53 million iPhones are sold each year through America's three largest carriers with roughly $800 in promotional credits per device, so a 10% migration of subscribers could cost Apple about five million iPhone sales and $6 billion in revenue. Existing carriers may first raise promotions and iPhones remain usable on Starlink, while significant competitive effects are unlikely before fiscal 2028; the bank keeps its Buy rating and $370 price target.
- EchoStar’s stock looks like a stealthy way to ride the SpaceX wave, J.P. Morgan says
- SpaceX Earnings To Detail AI Wins, Starlink Growth, Starship Plans (Live Coverage)
- 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.
Related markets
Latest news
- JPMorgan Puts a Number on Bitcoin for the First Time: 10% a Year, With a Big Caveat
J.P. Morgan Asset Management projected a 10% compound annual return for Bitcoin over the next 10 to 15 years in its 2027 Long-Term Capital Market Assumptions, the first time the report includes the asset. That forecast tops its estimates for U.S. large-cap stocks (7.5%), gold (5.5%) and a 60/40 stock-bond portfolio (7%), but the report puts Bitcoin's annualized volatility at 55%, versus about 17% for gold. The firm still excludes Bitcoin from its main covariance matrices, citing volatility and unstable correlations, and rejected the currency debasement bull case as “wide of the mark.” Bitwise's Matt Hougan welcomed the forecast but argued the 55% volatility assumption is too high, making the return estimate too conservative. Meanwhile, U.S. spot Bitcoin ETFs drew $526.7 million on Monday, trimming October's net outflows to about $88 million.
- JPMorgan Puts a Number on Bitcoin for the First Time: 10% a Year, With a Big Caveat
J.P. Morgan Asset Management projected a 10% compound annual return for Bitcoin over the next 10 to 15 years in its 2027 Long-Term Capital Market Assumptions, the first time the report includes the asset. That forecast tops its estimates for U.S. large-cap stocks (7.5%), gold (5.5%) and a 60/40 stock-bond portfolio (7%), but the report puts Bitcoin's annualized volatility at 55%, versus about 17% for gold. The firm still excludes Bitcoin from its main covariance matrices, citing volatility and unstable correlations, and rejected the currency debasement bull case as “wide of the mark.” Bitwise's Matt Hougan welcomed the forecast but argued the 55% volatility assumption is too high, making the return estimate too conservative. Meanwhile, U.S. spot Bitcoin ETFs drew $526.7 million on Monday, trimming October's net outflows to about $88 million.
- U.S. CFTC sets agenda for AI forum, exploring trading and agentic finance
The U.S. Commodity Futures Trading Commission released the agenda for its first “Frontier Forum” event, hosted by its Innovation Task Force on October 28, to discuss how AI may change U.S. derivatives markets. The session will look at how AI could affect price discovery and risk management, and will hear from leaders of firms including Ornn, Architect and Liquid Compute. Participants will also explore how traders’ own AI agents may operate under CFTC regulations. CFTC Chairman Mike Selig said super intelligence is poised to transform financial markets.
- Archer vs Joby: What's the Better eVTOL Stock to Buy Right Now?
The article compares Joby Aviation and Archer Aviation, two eVTOL (flying taxi) companies nearing FAA approval but still unprofitable. For the six months ended June 30, Archer had $1.6 billion in cash and short-term investments and used $305.5 million in operations, while Joby had $2.3 billion and used $317.6 million, so Joby may need a smaller cash infusion. Joby generated $38.6 million in revenue last quarter, helped by its Blade Air Mobility passenger business, but its net loss was $245 million versus Archer's $263 million. Joby's $4.7 billion market cap is well above Archer's $3.1 billion, and the author favors Archer on valuation. Both stocks remain highly volatile and face a long road before turning profitable.
- Stock Market Today, Oct. 20: Netflix Q3 Revenue Rises 12% on Pricing Power
Netflix closed at $68.66, down 1.70%, ahead of its after-close Q3 report, and was down 5.1% in after-hours trading as of 4:31 p.m. ET. Q3 revenue rose 12% year over year to $12.9 billion, and diluted EPS climbed from $0.59 to $0.87. Netflix outperformed every metric for which it provides quarterly guidance, with larger profit surprises than revenue surprises, but its fourth-quarter guidance looked muted, with slower sales growth and lower profit from seasonal effects and impairment costs tied to recently announced job cuts. That day, the S&P 500 closed at 7,711 (up 0.26%) and the Nasdaq Composite at 26,425 (down 0.02%).
- 2 Dividend Stocks Crushing the Market in 2026 (and Which Ones Can Keep Going)
The article examines Johnson & Johnson (JNJ) and Amgen (AMGN), two dividend stocks that have outperformed the market in 2026. For J&J, revenue and earnings beat expectations and guidance was slightly raised, but its medtech unit faces weaker Impella demand and a Class 1 recall in the U.S.; the article still sees long-term prospects intact, citing new drug launches, the OTTAVA surgical system, a proposed $5.5 billion talc settlement and a 64-year dividend increase streak. Amgen's second-quarter revenue rose 10% to $10.1 billion despite FDA moves to remove Tavneos and falling denosumab sales after losing exclusivity. The article says growth drivers such as Tezspire, Tepezza and the MariTide obesity candidate could offset these headwinds.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.