SpaceX stock jumps 8% after earnings beat and Musk hints at Tesla tie-up

SpaceX shares jumped after the company reported surging revenue growth in its third quarter, and owner Elon Musk floated a potential SpaceX-Tesla merger.

TL;DR

SpaceX stock experienced a notable increase following the announcement of strong third-quarter revenue growth.
The company's revenue surged by 161% year-over-year, surpassing LSEG estimates, driven by its AI and satellite businesses.
Elon Musk, owner of SpaceX, proposed a potential merger between SpaceX and Tesla, indicating that committees have been formed to discuss the consolidation.
SpaceX's AI business, referred to as Super Intelligence (SI), saw its revenue increase ninefold, becoming the company's largest business unit.
The company forecasts significant revenue growth for the first quarter of 2027, exceeding analyst expectations.

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Elon Musk reposted

SpaceX

We will post our Q3 2026 financial and operational results on October 20, 2026. We will host a live audio-only webcast at 3:30 p.m. CT the same day → https://t.co/PqK9HnyGyw https://t.co/dls3x7s5uq

Elon Musk reposted

Donald J. Trump

A BIG THANK YOU to our legendary friend, @ElonMusk, for his incredible generosity in giving SpaceX Stock to millions of American children through TRUMP ACCOUNTS! This is exactly what was envisioned when we created TRUMP ACCOUNTS — Bringing together the GREAT PRIVATE SECTOR, Elon and so many more, to invest in our children, by far our greatest and most important asset, and give every American Child a piece of the American Dream. Thank you Elon! President DONALD J. TRUMP

Elon Musk

Video call

Elon Musk reposted

SpaceX

Watch live as SpaceX discusses our Q3 2026 earnings at 3:30pm CT today → https://t.co/Qrb0qeVG15

Elon Musk reposted

X Freeze

Elon Musk on a possible SpaceX–Tesla merger:

"Do I think it would be a good idea? Yes"

Both SpaceX and Tesla have formed special committees of independent directors to discuss the idea, at the request of shareholders

Because he's a conflicted party, Elon can't take part in those discussions

"Some people out there assume that a SpaceX and Tesla merger is a certainty, and I think that would be overstating it"

"The special committees have not reached agreement on the terms of any transaction. And obviously there's no guarantee that they will"

On the Tesla side, it would need a 50% vote of all shares, not just those who vote. That's a high hurdle

So why does Elon support it?

"I do think there's a lot of merit to combining the companies as we are pretty much in the super intelligence singularity"

"There's a lot to be gained from cooperating on developing super intelligence software, chip design, the Terafab, obviously robotics, mass to orbit with the Starmind constellation. Connectivity"

Next, the special committees of both companies have to agree on terms, and then it goes to a shareholder vote

Elon Musk

Congrats SpaceX team!

Elon Musk reposted

X Freeze

SpaceX’s full Q3 2026 earnings Q&A: Elon Musk, Gwynne Shotwell and Bret Johnsen take on Wall Street’s biggest questions

0:00 Has SpaceX placed orders for EUV machines, and where can it improve on today's chipmaking?

3:08 How are you getting past power and cooling limits to reach 13 GW by the end of 2027?

8:24 How will SpaceX fund all of that compute?

10:02 What are the pros, cons and roadblocks of a possible merger with Tesla?

13:14 Can Starlink Mobile's satellite and ground network really compete with U.S. carriers?

16:41 How do you split compute between your own AI and cloud customers?

21:35 When will V3 satellites make Starlink noticeably faster, and how many are needed?

22:22 When will the first Starship launch from Louisiana happen?

Elon Musk reposted

Jesse Watters

🚀 WOW! SpaceX just LAUNCHED another Falcon 9 into the stars 🚀

Elon Musk’s Starfall—a 4,000-pound, HOCKEY-PUCK-SHAPED LAB—is HEADED to SPACE!

Elon’s giving back, promising SpaceX STOCK to every American KID! 🔥 https://t.co/7IUwNcQ8IM

Elon Musk reposted

Micah Lamar

$SPCX JUST REPORTED $14.6 BILLION IN REVENUE. 🚀

Revenue surged 161% year over year. Net income hit $4.4B. And AI now makes up 52% of revenue.

But the biggest question isn't whether SpaceX crushed earnings.

It's what happens next.

With $TSLA reporting tomorrow and a massive share unlock Thursday, this could be one of the most important weeks for both stocks.

Elon Musk reposted

Fireside Alpha

Elon Musk says SpaceX is using its rocket-engine casting shop to make turbine blades and vanes, the parts that run 12 to 18 months behind the rest of the turbine, so it can bring power online 12 to 18 months faster than anyone else

“So we’re casting the blades and vanes for the turbines. So SpaceX already has a very advanced castings capability that was developed for rocket engines."

"So we have, I think, actually the most advanced casting capability on Earth, because the demands for castings for rocket engines exceed the demands for anything else you could possibly imagine."

"So, taking that incredible team that has, I think, objectively the most advanced casting technology in the world and saying, hey, can you guys also make some blades and vanes for terrestrial turbines is much easier than what they have done in the past."

"And when we talk to the turbine suppliers, they tell us that the blades and vanes are 12 to 18 months behind the rest of the turbine. Meaning they can deliver everything except the blades and vanes 12 to 18 months before they can deliver the blades and vanes."

"So casting is this really difficult bottleneck. And if anything, it seems to be getting worse."

"So that means that we can bring power online 12 to 18 months faster than anyone else."

"That’s the kind of advantage that’s difficult to replicate. Unless someone else is building an advanced casting shop, they will be unable to compete with SpaceX in this regard.”

Elon Musk

Cool

Elon Musk reposted

Peter H. Diamandis, MD

If there's one thing I can tell you about @SpaceX, it's that there's never been a company like this...

My thoughts on the earnings call with @SquawkCNBC. https://t.co/BeJHaDwd2p