SpaceX Earnings Report

SpaceX's stock surged 8% after reporting third-quarter earnings that crushed Wall Street's forecast.

Crushing Earnings Results

SpaceX reported 45 cents per share, crushing Wall Street's forecast of 13 cents, with revenue soaring 161% to $14.6 billion.

First-Ever Profit

SpaceX delivered its first-ever profit of $4.4 billion, reversing a $1.1 billion loss from the same period last year.

AI Business Growth

SpaceX's AI division, xAI, generated $7.56 billion in revenue, up from $813 million a year ago, surpassing Wall Street's $6.47 billion forecast.

Starlink Subscriber Growth

Starlink's subscriber base grew to 13.6 million, up from 12 million, with connectivity revenue reaching $5.25 billion.

Musk's Merger Proposal

Musk revealed SpaceX and Tesla have formed a special committee to explore a potential merger.

“a 'good idea'”

Data Center Ambitions

SpaceX aims to grow data center capacity to 20 gigawatts by the end of 2027, up from 1.7 gigawatts today.

Fiscal Year Forecast

SpaceX targets $100 billion annual recurring revenue by year-end, with potential growth to $500 billion by 2027.

Capital Expenditure Plan

SpaceX plans to spend $35 billion to $40 billion on data centers this quarter, up from $19.6 billion last quarter.

Investor Reaction

Nvidia and Intel shares rose 2% and 3% respectively after SpaceX's earnings report.

Musk's Vision

Musk stated SpaceX can generate a return on data center investments within 12 months, potentially as short as six months.