SpaceX Q3 Revenue Jumps 161% to $14.6B, First Profit; Tesla Merger Committees Formed
SPCX sits 52% above its 52-week low of $104.83.
Summary
SpaceX posted Q3 revenue of $14.6 billion, up 161% year over year and well above the $12.9 billion consensus, with net income of $4.4 billion versus a $1.1 billion loss a year earlier — its first profitable quarter since going public. The Super Intelligence division did the heavy lifting at $7.56 billion of revenue (up from $813 million) and $431 million of operating profit, now 52% of total sales, while Starlink's Connectivity unit added $5.2 billion of revenue and $2.4 billion of operating income on 13.6 million subscribers, and Gwynne Shotwell said Starlink is contracted for 12,000 aircraft. The offset is spending: Q3 capex hit $19.6 billion, and management guided Q4 capex to $35-40 billion against roughly $20 billion expected, with Q1 2027 revenue guided to $33-37 billion versus about $22 billion consensus. Musk also confirmed SpaceX and Tesla have formed independent board committees to evaluate a potential merger, a separate event that adds deal-structure risk on top of the earnings move, and said SPCX could reach up to $1 trillion ARR by 2027. Cash of nearly $90 billion covers the buildout for now, but the gap between $13.1 billion of nine-month operating cash flow and $48.1 billion of capex is the number to track as more AI capacity comes online.
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 9 out of 10. Source: Wiseek News.