SpaceX Q3 Revenue Doubles to $14.58B; 1.3B-Share Lockup Expiry Looms Oct 22
SPCX sits 52% above its 52-week low of $104.83.
Summary
Q3 revenue hit $14.58B, up 161% year-over-year, with net income of $4.4B versus a loss a year ago and adjusted EPS of $0.35. Super Intelligence brought in $7.6B, Connectivity/Starlink $5.2B and Space $1.8B, while capex ran $19.6B — $16.4B of it into AI infrastructure — and the backlog stood at $63B on Sept. 30. The bigger near-term overhang is the lockup: up to 1.3 billion shares, roughly 28% of the main lockup, unlock Oct. 22, with another 328 million on Oct. 24. Separately, SpaceX agreed to supply Google 110,000 Nvidia GPUs with a $920 million monthly payment obligation running October 2026 through June 2029, a large recurring revenue commitment that also carries termination options after Dec. 31. This follows the Q3 8-K filed Oct. 20 and the earlier report on the results and Tesla merger committees; the lockup schedule and Google GPU terms are the fresh details traders will price.
At the time of this announcement, SPCX was trading at $159.70 on NASDAQ in the Technology sector, with a market capitalization of approximately $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: Wiseek News.