SpaceX (SPCX) shares rose as much as 12% on Wednesday after its Q3 results beat expectations, with EPS of $0.35 versus the $0.10 Zacks Consensus Estimate and revenue of $14.57 billion, up 161% and above estimates of $12.53 billion. Super Intelligence (SI) revenue reached $7.56 billion, and the Connectivity segment, which includes Starlink, generated $5.25 billion with 13.6 million consumer subscribers. The company reiterated its target of $100 billion in annual recurring revenue (ARR) by the end of 2026, with Musk projecting $500 billion to $1 trillion by the end of 2027, and issued Q1 2027 revenue guidance of $33 billion to $37 billion versus about $22 billion expected. Musk also said special committees at SpaceX and Tesla are exploring a potential merger, though no deal is certain. The stock has gained 40% over the past three months.
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| 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% |
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