# SpaceX Stock Soars After Musk's Earnings Beat

> Elon Musk's SpaceX reports record earnings and revenue, crushing Wall Street forecasts with a $4.4 billion profit.
- Title: SpaceX Stock Soars After Musk's Earnings Beat · SiliconANGLE
- Summary: Elon Musk's SpaceX reports record earnings and revenue, crushing Wall Street forecasts with a $4.4 billion profit. SpaceX's stock surged 8% after revealing a…
- Keywords: spacex, elon musk, starlink, xai, revenue beat, earnings report, space exploration technologies corp, musk, space x, ai business, starship, space x stock
- Source: SiliconANGLE — https://siliconangle.com/2026/10/20/spacexs-stock-soars-as-elon-musk-reveals-crushing-earnings-and-revenue-beat
- Author: Mike Wheatley
- Published: 2026-10-21T00:42:01+00:00
- Read time: 1 min
- Topics: spacex, elon musk, starlink, xai, revenue beat, earnings report, space exploration technologies corp, musk, space x, ai business, starship, space x stock
## 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.
## Key takeaway

SpaceX's stock surged 8% after revealing a $4.4 billion profit, 161% revenue growth, and Starlink's 13.6 million subscribers.