From mint · A Ksheerasagar · · 1m 10s
SpaceX Q3 2026 Profit Boost
SpaceX shares jump 8% after $4.4 billion profit as Musk hints at Tesla merger.
In brief
SpaceX shares jump 8% after $4.4 billion profit as Musk hints at Tesla merger. SpaceX reported $4.4 billion Q3 profit and 13.6 million Starlink subscribers, with Musk suggesting a Tesla-SpaceX merger could reach $1 trillion revenue by 2028. Originally reported by mint.
SpaceX Q3 2026 Results
SpaceX shares rose 9% in premarket trading after reporting $4.4 billion profit, its first since going public.
AI Revenue Surge
Revenue surged 161% to $14.58 billion, driven by AI data centre sales exceeding analyst expectations.
Starlink Subscribers
Starlink reached 13.6 million subscribers, exceeding analysts' expectations of 12.19 million.
Musk's Merger Comment
Musk said Tesla and SpaceX could merge for $1 trillion annual revenue by 2028, with shareholders requesting independent committees.
Musk's Share Plan
Musk plans to give each U.S. child one SpaceX share next year, holding 4.8 billion shares.
Musk's Ownership
Musk owns nearly a fifth of Tesla and just under half of SpaceX, giving him control of a potential merger.
Market Reaction
Tesla shares rose 3% in premarket after Musk's merger comments, with speculation of a December deal.
The one thing
SpaceX reported $4.4 billion Q3 profit and 13.6 million Starlink subscribers, with Musk suggesting a Tesla-SpaceX merger could reach $1 trillion revenue by 2028.
