SpaceX shares rose about 9% by late morning Wednesday after the company reported Q3 earnings of $0.35 per share, more than double the $0.16 analysts expected. Total revenue jumped 161% to $14.6 billion, led by the Super Intelligence (SI) division, whose revenue rose 830% to $7.6 billion and which turned a $431 million profit. Connectivity revenue grew 69% to $5.2 billion and its profit rose 99% to $2.4 billion, while the Space division’s revenue rose just 6% and it swung to a $7 million loss. However, SI capital spending more than tripled to $16.4 billion in the quarter, bringing year-to-date capex to $48.1 billion, and cash burn of $35 billion is on course for $47 billion.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
SpaceXearningsartificial intelligencecapital expenditure
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
- Why Meta's Q3 earnings could be a little hard to interpret
Meta is reporting its third-quarter earnings after the market closes Wednesday, and Yahoo Finance's Brian Sozzi says the report will be hard to interpret. Recent good news on Meta's AI products, including new models and an AI agent, may not appear directly in the results but will likely be discussed on the earnings call. The key uncertainty is how investors will react if Meta raises its capex outlook again: it could be seen as fueling those products, or as overspending on offerings not yet reflected in financials. Sozzi expects the market to give Meta the benefit of the doubt on higher capex, as long as the increase does not shock investors.
- Meta's AI vision doesn't come cheap, and its earnings could prove it
Meta (META) reports earnings on Wednesday after a run of positive product headlines, but Evercore ISI analyst Mark Mahaney warned the company may guide to capex and total expenses above Street estimates, making 2027 earnings forecasts likely to come down. His rough guess is total expense growth of about 40% in 2027 and capex dollar growth similar to 2026, or around $70 billion. Meta's new Muse Wonder and Muse Wonder Full models have drawn praise for their speed, and the stock has risen about 6% in the past month. Yorkville Ives' Dan Ives still considers Meta a core name to own, citing its 3.6 billion daily users.
- AI capex may be Meta's biggest earnings test
Meta Platforms (META) reports third-quarter earnings after the close on Wednesday, alongside a wave of Big Tech peers. The GAAP EPS estimate is $3.54, though that figure may be messy because a legal settlement will be included and analysts differ on how it will be accounted for. Options imply a 3.2% move in either direction, the smallest since the fourth-quarter report before last. Estimates for next year's capex vary widely: Wedbush near $250 billion, Evercore ISI $210 billion, Bank of America $205 billion and Dan Ives around $194 billion. Most analysts say that spending is acceptable if Meta provides a Muse roadmap and confidence it can monetize it, and the stock is up about seven and a half percent year to date.
- Alphabet's Cloud Surge and AI Dominance Overshadow Capex Fears and Keep Me Buying
The author keeps buying Alphabet (GOOGL) because Google Cloud revenue accelerated each quarter, from 34% growth in Q3 2025 to 82% in Q2 2026, reaching $24.77 billion. Q2 revenue rose 24.23% to $119.80 billion, and operating income climbed 30.38% to $40.77 billion; the author tracks this figure rather than the $9.11 EPS, which was inflated by equity securities gains. The risks cited are capex rising 100.14% to $44.92 billion, which pushed free cash flow to negative $5.86 billion, long-term debt rising to $98.2 billion, and the suspension of buybacks. The author argues demand is still visible in operating cash flow, up 40.8% to $39.07 billion, and in a cloud backlog that nearly doubled to over $460 billion.
- IREN’s Childress Timeline, the Hidden Forces Behind AI Builds, Data Center CAPEX is Rising
- What Is Amazon Stock's Biggest Opportunity?
Amazon reported a $496 billion backlog of signed contracts on its fiscal Q2 2026 call, a figure management said had at least doubled from a year earlier. Most of its AI capacity is contracted for at least five-year terms, and Anthropic and OpenAI have made multi-year commitments to its Trainium chips, yet management said Amazon will not have enough capacity to meet demand in 2026 or 2027. AWS generated $129 billion in fiscal 2025, or 18.0% of Amazon's $717 billion in sales, growing 19.7%, and now runs at a $169 billion annual pace. Management expects about $220 billion in 2026 capex, up from about $200 billion, due to higher memory costs, while free cash flow over the last twelve months was negative $11.6 billion. Amazon stock returned 22.4% over the year through October 19, 2026, versus 17.4% for the S&P 500, but closed 7.6% below its highest close of the past year.
Related markets
Latest news
- Prediction: Coca-Cola Stock Is Going to Soar After Oct. 27
Coca-Cola (KO) reports third-quarter earnings on Oct. 27, and its stock is up about 33% so far this year after it raised full-year guidance in July. In the second quarter, revenue rose 7% to $13.4 billion, global unit case volume grew 5%, and adjusted EPS reached $0.97, up 11%. The company used the FIFA World Cup to promote its brands in more than 180 markets, contributing to 5% volume growth for its flagship brand and 8% for Powerade. Its updated outlook calls for 5% organic revenue growth, 9% to 10% adjusted EPS growth (up from 8% to 9%), and $12.4 billion in projected free cash flow. The author argues that its global distribution network and brand portfolio could support further growth.
- Jensen Huang on RTK Spark: One petaflop of AI power 'you can hold in your hands'
Nvidia CEO Jensen Huang unveiled RTX Spark, a new line of desktops, laptops, and workstations offering one petaflop of AI compute, at the GTC Berlin AI Conference. The chip, called N1X, was developed over four years of work with Microsoft and the broader PC industry. Huang compared it with the 2016 system of one petaflop and 128 gigabytes delivered to OpenAI, noting that the earlier DGX-1 took two people to carry upstairs. He also announced a Windows-based DGX Station with 20 petaflops and 754 gigabytes of memory, expected to be available at the end of this year.
- If Micron Grows At 10% a Year, Here’s What $1,000 Becomes By 2030
Micron (MU) closed at $878.84 after a 14.58% one-week decline, while fiscal 2026 revenue reached $133.19B, up 256.3% year over year. The article's model projects a base-case value of about $1,487.40 for a $1,000 investment by 2031 (a 48.74% total return), with a bear case of $849 and a bull case of $2,684.40. Supporting factors include demand expected to exceed supply in calendar 2027 and 2028, more than 75% of 2027 output already committed, and 26 strategic customer agreements with remaining performance obligations near $150 billion. Risks cited include memory's historical cyclicality, a record 87.0% non-GAAP gross margin, $30.7B in fiscal 2026 capex, and a possible strike in Taiwan. With a beta of 2.226, the article notes that price moves could be sharp.
- Trump to throw spotlight on overseas crypto abuses at White House event
President Donald Trump is set to highlight his administration's efforts to pursue overseas crypto criminals at a White House cybercrime event on Wednesday, according to an official. U.S. law enforcement has halted about $833 million in crypto tied to overseas scams, and 503 fraudulent crypto websites have been seized under the Homeland Security Task Force. Authorities have also informed almost 9,000 U.S. citizens that they are being victimized. The transnational criminal organizations behind these scams have stolen tens of billions of dollars from Americans, and the Treasury formed a multi-agency Scam Center Strike Force in November. Meanwhile, Trump's personal crypto ties may have become a political liability as the midterm elections approach in a couple of weeks.
- AI is building out the new Industrial Revolution: Nvidia's Jensen Huang
Nvidia CEO Jensen Huang delivered a keynote at the GTC Berlin event, where he emphasized that AI is helping build the new Industrial Revolution. He noted that AI is becoming increasingly integrated into manufacturing processes.
- Is Berkshire Hathaway's Greg Abel Is Changing the Script? Here's the Latest Tech Stock He Just Bought.
Berkshire Hathaway, led by CEO Greg Abel since January, bought an additional $330 million of Bending Spoons (BSP) shares, bringing its stake to 4% after its July IPO purchase. The latest deal was a private placement of 10 million shares at $33 each, while the stock traded at $47 before the announcement and jumped to $53 on Oct. 14. Bending Spoons' second-quarter revenue rose 126% to $311 million, and operating margin improved from 32% to 34%, though growth was driven by acquisitions and the company did not disclose results for individual brands. It reported $4.09 billion in net debt and a 2.4 leverage ratio, which the article contrasts with the cash-generating companies Berkshire usually buys. The article suggests the move shows Abel is willing to look beyond the company's traditional industries.
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.