SpaceX reported Q3 revenue of $14.6 billion, beating the $12.87 billion consensus and up 161% year over year, with its Super Intelligence (SI) division contributing $7.6 billion from computing deals with Anthropic and Google. The Connectivity segment brought in $5.2 billion and Space $1.8 billion, while net income rose to $4.4 billion versus an expected $1.88 billion. Adjusted EBITDA climbed 306% to $8.8 billion and operating income reached $2.8 billion, compared with a $273 million loss a year earlier. Shares rose 7.3% to $158.68 in after-hours trading, and Musk said "$1T in SpaceX revenue in 2028 is no longer impossible" and that SpaceX and Tesla have set up special committees to explore a possible merger. Capital expenditures totaled $19.6 billion, of which $16.4 billion went to scaling compute infrastructure.
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SpaceXearningsartificial intelligenceElon Musk
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Related tickers and likely impact
GOOGL
• NeutralAlphabet Inc. (Class A)
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.3T |
| Close on 10/20/2026 | 340.24 |
| Change that session | -1.14% |
TSLA
• NeutralTesla, Inc.
Relevance: low
| 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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