SPCX inventory earnings for the third quarter of 2026 beat Wall Street estimates, as SpaceX posted a $4.4 billion revenue, its first because it went public in June. The SpaceX Q3 earnings confirmed income of $14.58 billion in opposition to the $12.7 billion analysts anticipated, and the SPCX inventory worth jumped in in a single day buying and selling. The SpaceX earnings report additionally confirmed SpaceX income development of 161% yr over yr, led by AI compute and Starlink.
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SPCX Stock Earnings Beat Estimates as Musk Signals Massive Growth
Every major determine within the SPCX inventory earnings got here in above forecasts. Earnings per share got here in at $0.35, greater than double the $0.15 estimate, in accordance with Yahoo Finance, and adjusted EBITDA hit $8.81 billion in opposition to an anticipated $6.59 billion.
The SpaceX Q3 earnings additionally mark a sharp flip from August, when the corporate reported a $541 million loss for the second quarter, The Washington Post famous.
Commenting on the SPCX inventory earnings, SpaceX President Gwynne Shotwell stated:
“We had another standout quarter driven by continued growth across our consumer, enterprise, and government businesses.”
What Drove SpaceX Revenue Growth In Q3
Most of the SpaceX income development got here from the SI options and infrastructure unit, which sells AI compute to outdoors shoppers and in addition runs merchandise like Grok Bot.
CFO Bret Johnsen had this to say:
“For SI solutions and infrastructure, revenues were $7 billion, of which $608 million came from the Cursor acquisition, closed roughly mid-quarter. And even excluding Cursor, SI solutions and infrastructure revenues grew 192% sequentially, driven primarily by the activation of new cloud services agreements.”
Starlink additionally added 1.6 million client subscribers, reaching 13.6 million, in accordance with MarketBeat. Shotwell said:
“Starlink is now contracted for roughly 12,000 planes, almost a quarter of the available aircraft, and we’re expanding quickly with both new and existing customers.”
That mixture of AI and Starlink is the principle purpose SPCX inventory earnings turned constructive this quarter, even with SpaceX planning $35 billion to $40 billion in fourth-quarter capex. Keeping them constructive relies on that spending paying off.
How The SPCX Stock Price Reacted
The SPCX inventory worth closed at $147.79 on Tuesday, down 0.11%, earlier than the numbers got here out. Investors favored the SpaceX Q3 earnings, and shares gained about 2% proper after the SPCX inventory earnings launch. At the time of writing, the SPCX inventory worth sat at $161.56 in in a single day buying and selling, up 9.32%.
Musk additionally advised analysts that SpaceX and Tesla every shaped a particular committee of unbiased administrators to check a merger, and he stays out as a conflicted occasion.
Musk stated:
“I don’t think we should necessarily assume that I think some people out there assume that a SpaceX and Tesla merger is a certainty. And I think that would be overstating it. Do I think it would be a good idea? Yes.”
SpaceX shares rose 4% after hours at that time, per Yahoo Finance, and the subject will doubtless return on the subsequent SPCX inventory earnings name.
Musk Sets A Massive Revenue Target For 2027
On the decision that adopted the SpaceX earnings report, Musk additionally set a far larger aim.
Musk said:
“In a nutshell what this implies for SpaceX annual recurring revenue by the end of [2027] is somewhere between $500 billion and a trillion.”
That compares with the roughly $27 billion SpaceX has booked in 2026 to this point, and a part of the plan rests on much less confirmed bets, like information facilities in area and a Mars colony.
For now, the SpaceX earnings report exhibits a firm that may earn cash and nonetheless spend near $20 billion a quarter, totally on AI. If SpaceX income development holds at this tempo, the following spherical of SPCX inventory earnings might look even higher, however Musk’s goal nonetheless wants a lot to go proper.
