SpaceX reports results today with revenue expected at $12.74 billion
Key Facts
SpaceX reports third-quarter results after the market closes on Tuesday, October 20, 2026, with revenue expected at about $12.74 billion, according to London Stock Exchange Group data cited by Reuters. Analysts expect earnings of 14 cents per share, according to the same estimates provider. The company set the reporting date in an announcement on its investor relations website, alongside a discussion of the period's results. The results follow growth in artificial intelligence revenue and accelerating capital spending on the business in the previous quarter, according to the company's filing with the U.S. Securities and Exchange Commission. They also come amid speculation about a potential merger with Tesla, with neither company nor Elon Musk formally committing to support a deal, according to Reuters.
SpaceX's second-quarter revenue reached $7.8 billion, up 92% year on year from $4.1 billion, according to its financial filing. The company posted a net loss of $541 million for the same period. Within its operations, artificial intelligence segment revenue reached $2,561 million, compared with $818 million in the first quarter. The segment had generated revenue of $737 million in the second quarter of the previous year. Management attributed second-quarter margin expansion to its new agreements to provide AI computing. The filing used the phrase "AI computing agreements" to describe the business that contributed to the improvement.
On investment, capital spending in the artificial intelligence segment reached $15,828 million in the second quarter, according to the company's financial filing. That compares with spending of $7,723 million in the first quarter and $749 million in the corresponding period a year earlier. The company's expansion in the business followed its acquisition of xAI, a deal confirmed by Musk, according to Reuters. The transaction brought together the rocket and satellite businesses with the developer of the Grok chatbot. In a potential financing move for data centers, Reuters Breakingviews reported that Musk is considering borrowing $40 billion to buy Nvidia chips. The borrowing remains under consideration, according to the service, to finance purchases of chips for those centers.
A combination of SpaceX and Tesla remains the subject of speculation about a potential deal, according to Reuters. The agency said "neither company nor Musk has formally committed to supporting a deal." In an assessment of possible timing, Barclays said a deal announcement could precede Tesla's annual shareholder meeting. Reuters cited the bank's suggestion as a possibility, while Tesla has scheduled its annual meeting for December 3. The timing suggested by Barclays is therefore tied to the shareholder meeting and remains an analyst forecast for when a potential announcement could come.
Alongside its computing expansion, SpaceX announced an agreement to acquire a portfolio of low-frequency spectrum licenses to support its mobile communications business. The portfolio includes up to 14 megahertz of paired spectrum in the 800 megahertz band, according to the company's announcement. SpaceX made implementation of its network plans conditional on final approval from the U.S. Federal Communications Commission. In an assessment of these developments, Stifel maintained its buy rating on the stock and its $190 price target, according to Investing.com. The firm identified ground infrastructure as the remaining component needed to complete the mobile network, according to the website's account of its analysis.
Ahead of the results, SpaceX shares closed at $146.03 on the Friday before an Associated Press report published on Monday, according to the agency. The company's financial disclosure comes just before Tesla's third-quarter results, scheduled for October 21, 2026, on its investor relations page. SpaceX's results webcast begins on October 20, 2026, at 3:30 p.m. U.S. Central Time, according to the event page. The company is dedicating the webcast to discussing its third-quarter results, scheduled for release that day. Tesla then reports the following day, while its December shareholder meeting remains the date Barclays linked to its forecast for a potential deal announcement.