SpaceX Jumps 10% on Blowout Q3, Musk Back Above $1 Trillion
SPCX sits 56% above its 52-week low of $104.83.
Summary
SpaceX shares rose about 10% to $163 after Q3 revenue hit $14.6B, up 161% year-over-year and well above the $12.72B consensus, with net income of $4.4B (35 cents a share) versus a $1.1B loss a year ago. The AI segment, Super Intelligence, is now the largest business at $7.6B in revenue versus $813M a year earlier, while Starlink connectivity grew 69% to $5.2B with 13.6 million subscribers. Guidance is the bigger surprise: management sees Q1 2027 revenue of $33B-$37B, more than double Q3 and far above the $22.2B consensus. The stock is now above its $160.95 first-day close and roughly 56% off its August low, and the move lifted Musk's net worth back above $1 trillion. Cash burn is the offset — $48.1B of capex in the first nine months against $13.1B of operating cash flow. Musk also said both boards have formed committees to study a SpaceX-Tesla combination, though no terms are agreed; Tesla reports after the close.
At the time of this announcement, SPCX was trading at $163.68 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.2T. The 52-week trading range was $104.83 to $225.64. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Benzinga.