SpaceX shares rose 7% in pre-market trading after the company reported third-quarter revenue of $14.6 billion, up 161% from a year earlier and above estimates of $13 billion. Net income reached $4.4 billion versus a $1.05 billion loss last year, and adjusted EBITDA hit $8.8 billion, driven by its AI unit, whose revenue rose to $7.56 billion from $813 million. Starlink connectivity revenue reached $5.2 billion, up 69%, as consumer subscribers grew by 1.6 million to 13.6 million. The company forecast first-quarter 2027 revenue of $33 billion to $37 billion, versus analysts’ expectations of $22.2 billion, and reported a $63 billion backlog. Musk’s comments on a possible Tesla merger also drew attention.
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TSLASpaceXElon Muskmergers and acquisitionsearnings
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Related tickers and likely impact
TSLA
• NeutralTesla, Inc.
Relevance: medium
| 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% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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