SpaceX (NASDAQ:SPCX) was reported to have risen nearly 10% in pre-market trading on Wednesday after third-quarter results beat expectations and reports emerged of possible merger talks with Tesla. Revenue reached $14.58 billion, up 161% year on year and above the $12.74 billion consensus, with EPS of $0.35 versus $0.12 expected, its first quarterly profit since listing. The Super Intelligence division generated $7.6 billion, up 830%, and surpassed Starlink's revenue for the first time, while Starlink reported $5.2 billion, up 69%, and 13.6 million subscribers. Musk said on the earnings call that independent special committees at SpaceX and Tesla are evaluating a merger, though no definitive agreement has been reached. Citigroup raised its price target from $200 to $240.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
SpaceXTeslamergers and acquisitionsearnings
Open a keyword to see other news on the same topic.
Related tickers and likely impact
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% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Crypto rises with Asian tech stocks, zcash extends gain after setting upgrade date
Bitcoin rose to about $83,500, its highest level in a week, as Asian tech stocks rebounded on strong earnings. SpaceX and Tesla formed special committees to discuss a merger that would combine more than 30,000 bitcoin held on their balance sheets. Ether gained 0.6% to near $2,460, while zcash extended a jump of about 11% over the past day after developers set a November date for its upgrade. Derivatives data showed futures volume up 19% and liquidations up 76%, with taker volume tilting toward longs. Volatility expectations for bitcoin and ether have cooled, and fresh leverage is building mainly in privacy coins such as ZEC and XMR.
- A test of Elon Musk's AI ambitions
SpaceX and Tesla will release financial results this week, a test of whether Starlink's growth and Tesla's car profits can fund Elon Musk's AI ambitions. Barclays said the two could merge before December, most likely with SpaceX buying Tesla in an all-stock deal giving Musk about 37% of the equity and 56% of the votes, though neither Musk nor the companies have confirmed it. LSEG expects SpaceX's third-quarter revenue at $12.74 billion and EPS at $0.14, after a second quarter with $7.8 billion in revenue, a $541 million net loss and $15.8 billion in AI spending. Analysts expect Tesla EPS of about $0.43 and revenue near $27.8 billion; it delivered over 486,500 vehicles in Q3, beating forecasts, but its shares are down about 17% this year. Investors are also focused on robotaxis and the Optimus humanoid robot, seen as higher-margin businesses.
- Tesla’s Flying Roadster Has Wall Street Talking About SpaceX, Not Cars
Tesla unveiled its rebooted Roadster at a demonstration in Waco, Texas, where the car drove up a vertical ramp, launched upside-down, performed midair rolls, and landed using thrusters. Musk said it reached 0 to 60 mph in 0.81 seconds, but the flying version is not for sale and the non-flying model is not expected in production until 2028. Analysts then turned to a possible Tesla–SpaceX merger, citing their intertwined dealings, such as SpaceX buying $318 million of Tesla Megapacks in Q2 and Tesla acquiring $2 billion of SpaceX shares in Q1. Analyst Dan Ives puts the odds of a merger before the end of 2027 at about 80%, and Kalshi odds for a deal before April 2027 rose from 30% to 55%. However, neither company has said it is considering a merger, and the article advises investors not to trade on these rumors.
- Why Is Space Exploration Technologies (SPCX) Facing Questions Over Ukraine And Merger Talk?
The White House reportedly ordered SpaceX to slow its Starshield service, cutting the military internet capacity used by Ukrainian forces, according to briefings earlier this month. The move raises questions about how much control SpaceX has over a satellite network that serves both governments and commercial users. Separately, speculation about a possible Tesla and SpaceX merger has intensified after recent analyst comments and Elon Musk pointing to closer technology integration. The article also cites SpaceX reporting more than US$6b in new U.S. government contracts in Q2.
- Tesla's flying Roadster is more fuel for SpaceX merger rumors than a real car
Tesla unveiled its Roadster EV with aerial stunts, but many analysts saw the event as a soft launch of a possible merger with SpaceX, with little detail on the car business. Musk has repeatedly hinted at combining the two companies, including on Tesla's latest earnings call and at the All-In Summit last month. Barclays analyst Dan Levy said a tie-up 'has increasingly become the consensus expectation,' while Gene Munster of Deepwater Management called the Roadster 'an engineering flex with no commercial value.' Dan Ives of Yorkville Ives put the chance of a Tesla and SpaceX merger by the end of 2027 at 80%.
- 'There's no point': Tesla Roadster's splashy reveal doesn't mean a merger with SpaceX
The redesigned Tesla Roadster reveal revived rumors that Elon Musk will merge Tesla with SpaceX, but analyst Eric Jackson said there is little point while both companies carry a premium valuation tied to Musk, unlike the earlier cases of SolarCity and X. The car was unveiled Thursday night at SpaceX's rocket test site in McGregor, Texas, where it drove upside down on a curved ramp, vaulted off it and flipped midair using cold-gas thrusters borrowed from SpaceX and a suction system. Musk said it can reach 60 mph in under a second and top 230 mph, while Tesla plans production from 2028 with $50,000 deposits for the Performance version and $250,000 for the Thrust version. Tesla shares rose as much as 2% and SpaceX gained 1% in early trading Friday before paring gains. Dan Ives of Yorkville Ives said he sees an 80% chance that Tesla and SpaceX merge by the end of 2027.
Related markets
Latest news
- Prediction: SoFi Stock Gains at Least 50% by the End of 2030
SoFi Technologies shares have fallen more than 50% from last November's peak and recently hit a new 52-week low. The decline follows the loss of a technology platform customer, Chime, which cut that segment's first-quarter revenue by 27% year over year, along with a weak market and deteriorating credit conditions. The author argues the long-term picture is stronger: second-quarter revenue rose 40% to $1.2 billion, EBITDA grew 44%, and customers reached a record 15.8 million, up 35% from a year earlier. Morningstar expects per-share profit to rise from $0.62 this year to $1.71 in 2030; at 15 times that figure, the stock would be worth just above $25, nearly 80% above its current price. The article cautions that shares could fall before they rise.
- The 5 Most Important Numbers From SpaceX’s Earnings
SpaceX's third-quarter results beat analyst expectations, with revenue of $14.6 billion nearly doubling from the prior quarter and operating income reaching $2.8 billion versus a $273 million loss a year earlier. The AI segment, now called Super Intelligence, generated $7.6 billion, more than half of revenue, including about $600 million from Cursor. Starlink added 1.6 million consumer subscribers to reach 13.6 million, though revenue per customer fell to $69 a month from $83 as it expands into cheaper markets. Compute capacity surpassed 1.7 gigawatts, but capex hit $19.6 billion, $16.4 billion of it for AI, and 2026 capital spending has exceeded operating cash flow by about $35 billion. The stock trades at 93 times forward earnings, and Musk's earlier goal of closer to 10 GW than 5 GW by the end of 2027 could push capex higher.
- Tokenized stock trading takes off overseas as Goldman, other U.S. companies object
Tokenized stock trading is growing fast overseas, according to Bitwise's latest quarterly report, with volume on Robinhood Chain rising from $526 million in July to $11.31 billion in September. Meanwhile, Goldman Sachs, Microsoft, Alphabet and other large U.S. companies have objected to having their shares traded as tokens on the OKXICE venue, bringing the total number of objectors to 16 as of Wednesday. The debate centers on whether token holders should receive the same economic and voting rights as shareholders, and the SEC's new U.S. pathway requires issuers to be able to object. ClearStreet analyst Owen Lau said some companies may eventually embrace tokenization for a broader investor base and 24/7 trading, while an Injective executive argued that until issuers see clear benefits, growth will keep happening abroad.
- Elisa taps NVIDIA and Nokia for its journey towards commercial AI-RAN in Finland
Finnish operator Elisa, working with NVIDIA and Nokia, has completed Europe's first live-network AI-RAN trials and runs AI applications on distributed AI-RAN infrastructure. AI-RAN allows the same computing platform to run both mobile network functions and AI workloads, bringing processing closer to users. In Helsinki, Elisa ran voice, mobile data and video analytics simultaneously on one platform over its 5G Advanced network, paving the way for commercial AI-RAN services in 2027. Use cases mentioned include a voice assistant with instant responses, on-site video analysis to spot safety risks, and a network that monitors and optimizes itself.
- TPBank Receives US$50 Million in Long-Term Capital from DEG: Optimizing International Funding and Promoting Green Finance
TPBank signed a US$50 million financing agreement with DEG, the development finance institution under Germany's KfW, to add long-term USD funding and diversify its international capital sources. The five-year loan will allocate 60% (about US$30 million) to green projects that cut emissions and support the energy transition, and 40% (about US$20 million) to small and medium enterprises, with a focus on women-owned or women-led businesses. DEG will also provide technical assistance to upgrade TPBank's environmental and social risk management system. The deal is DEG's second investment in TPBank, and it follows TPBank's earlier raising of US$220 million in long-term loans from DFC and JICA.
- Ken Griffin: There Are “Almost Certainly Bubbles” in AI Right Now
Citadel founder and CEO Ken Griffin said on October 20, 2026, at the firm's Future of Global Markets Conference in New York that investors are 'almost certainly' in an AI bubble. He argued that radical economic change is generally tied to bubbles, and that the companies that survive become market leaders for decades. He also warned that corporate America has been uneven in extracting value from AI models, and said agentic tools cut some Citadel research from 6-8 weeks to 2-3 hours. NVIDIA ended at $216.47 and QQQ slid 0.10%, a muted market reaction.
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.