SpaceX shares rose 10.4% in premarket after Q3 revenue surged 161% to $14.6bn, beating estimates, and Elon Musk confirmed the boards are exploring a possible merger with Tesla.
01Summary
- 01SpaceX reported Q3 revenue of $14.6bn, up 161% year-on-year and above the LSEG consensus estimate of $12.72bn.
- 02Net income was $4.4bn, compared with a net loss of $1.05bn in the same quarter last year.
- 03Elon Musk said the boards of SpaceX and Tesla have set up committees to discuss a potential merger, which would be the largest in history.
- 04SpaceX shares rose 10.4% in premarket trading; Tesla shares were up 2.1%.
- 05SpaceX's AI/cloud segment revenue soared ninefold to $7.56bn, and the company forecast Q1 2027 revenue of $33bn–$37bn.
02Why it matters
SpaceX is a significant player in the AI cloud market, and a merger with Tesla could reshape the aerospace and electric vehicle industries. Investors in space and AI-related stocks are seeing positive momentum from these results.
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