SpaceX's revenue jumps 161% on its AI business, and Musk says Tesla and SpaceX are discussing a merger
SpaceX's own release has the segment numbers; CNBC's live coverage has the forecast, the Starlink figures and Musk's merger remarks from the call.
SpaceX (Nasdaq: SPCX) reported third-quarter revenue of $14.6 billion, up 161% from $5.6 billion a year earlier, with net income of $4.4 billion against a $1.1 billion loss, according to its earnings release on October 20.
CNBC reports that the AI unit, which SpaceX calls "Super Intelligence," is now its largest business: revenue rose about ninefold to $7.56 billion, helped by renting computing capacity to Google, Anthropic and others and by the Cursor acquisition. Starlink subscribers reached 13.6 million, and the launch business grew only slightly, to $1.77 billion. CFO Bret Johnsen guided first-quarter 2027 revenue to $33 billion to $37 billion, far above the roughly $22 billion analysts expected, per LSEG.
On the call, Elon Musk said a merger with Tesla would be a "good idea" and that both boards have formed special committees to discuss it. The shares climbed about 8% in extended trading after the release, CNBC reports.
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Form 8-K
After exploring SpaceX Reports Third Quarter 2026 Results, to see how results like these reach the public, read Form 8-K.
The SEC's investor site explains that Form 8-K is the "current report" public companies file to announce major events shareholders should know about, generally within four business days.
Investor.gov (SEC) · Wade · 5 min
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Starlink
After exploring Musk says Tesla and SpaceX formed special committees to discuss merger: Live updates, for the business that still earns most of the profit, try Starlink.
Wikipedia's overview of SpaceX's broadband subsidiary, which it says serves about 160 countries and territories from roughly 10,400 low-Earth-orbit satellites as of June 2026.
Wikipedia · Swim · 30 min
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