SpaceX shares rose about 9% in extended trading after third-quarter results beat estimates, driven by its AI business and satellite internet. Revenue jumped 161% year over year to $14.58 billion, above the $12.59 billion Zacks consensus, and adjusted EPS was 45 cents versus the Zacks consensus of 11 cents. The AI segment's sales rose ninefold to $7.56 billion and turned profitable with $431 million in operating income, while connectivity revenue grew 69% to $5.25 billion as Starlink subscribers reached 13.6 million. For the first quarter of 2027, the company projected revenue of $33 billion to $37 billion, well above the $22.2 billion analyst average, and Musk said a SpaceX-Tesla merger was attractive but far from certain.
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Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/20/2026 | 717.52 |
| Change that session | -0.12% |
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