SpaceX Revenue Surges 161% as Musk Discusses Potential Tesla Merger
Key Facts
SpaceX quarterly revenue surged 161% during the third quarter of 2026 as the company posted its first operating profit since going public. Elon Musk discussed a potential merger with Tesla, a development that follows the company's AI segment revenue overtaking Starlink sales for the first time.
Total revenue reached $14.6 billion, while earnings per share hit 35 cents, beating the 15-cent estimate. The AI business generated $7.6 billion in sales, and SPCX closed at $147.96 on October 19, 2026.
Latest Updates · 3
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Update: SpaceX generated $4.4 billion in net income during the third quarter of 2026. Total revenue for the period saw a 161% increase compared to the previous year.
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Update: Market speculation regarding a potential merger between Tesla and SpaceX has increased following the unveiling of the new Roadster. Additionally, SpaceX Flight 15 is expected to launch in mid-to-late November 2026, though analysts do not anticipate a second-stage catch attempt during this mission.
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Update: SpaceX's earnings per share reached 35 cents in the third quarter of 2026, more than double analyst estimates. The company also reported capital expenditure totaling $20 billion for the period.