SpaceX Surges After Strong Earnings Beat, Musk Hints at Potential Merger with Tesla
SpaceX shares rose over 9% in premarket trading following better-than-expected third-quarter results. The company reported revenue of $14.6 billion, a 161% increase from the previous year and well above analyst estimates. Strong performance was attributed to its satellite internet service Starlink and rapid growth in its AI business now branded as Super Intelligence (SI). Elon Musk also suggested exploring a potential merger with Tesla during an earnings call. Musk noted that both companies' boards have formed committees to discuss the possibility of combining them, which could be one of history's largest mergers. SpaceX’s net income jumped from a $1 billion loss in Q3 2025 to a profit of $4.4 billion this year. The company also forecasted first-quarter 2027 revenue between $33 billion and $37 billion, significantly higher than analyst expectations.
Topics: Elon Musk M&A speculation revenue growth SpaceX Tesla
Part of the story SpaceX Exceeds Q3 Earnings Expectations and Hints at Potential Tesla Merger (11 articles)