SpaceX Jumps 10% After 161% Growth, Tesla Merger Talk — SkimNews
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- SpaceX reported third-quarter revenue of $14.6 billion, up 161% year over year, above LSEG’s consensus estimate of $12.72 billion.
- SpaceX recorded $2.8 billion in operating income and $4.4 billion in net income, versus a $1.05 billion net loss in the same quarter a year earlier.
- Elon Musk said he was considering a SpaceX-Tesla combination that would mark the largest merger in history, and that both boards had created specific committees to discuss consolidation.
- SpaceX forecast first-quarter 2027 revenue of $33 billion to $37 billion, above LSEG’s average analyst estimate of $22.2 billion.
- Bret Johnsen, SpaceX’s chief financial officer, said recurring Starlink revenue and expanded Super Intelligence infrastructure fueled the quarter; SI was the largest business unit, with revenue up ninefold to $7.56 billion from $813 million.
- SpaceX shares jumped 10% Wednesday, while Rocket Lab, Intuitive Machines and AST SpaceMobile also climbed.
- Truist Securities said SpaceX’s third-quarter 2026 results were the first earnings-season data point supporting the bull case for AI cloud providers, citing “insatiable” demand, continued pricing power and shorter payback periods.
Why it matters: SpaceX’s $33 billion–$37 billion first-quarter 2027 forecast exceeds the $22.2 billion analyst average, while its SI unit became the largest business and revenue rose ninefold to $7.56 billion. That combination makes AI infrastructure as important to the reported growth story as Starlink’s recurring revenue.
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