SpaceX earnings live updates: Starlink growth, AI revenue and merger speculation

SpaceX is set to release its third-quarter earnings after market close on Tuesday, marking the second earnings report for the defense tech conglomerate since its record IPO in June. Analysts project strong growth in AI revenue, connectivity sales, and space business revenue. Starlink, the company's connectivity segment, is expected to see significant expansion as SpaceX purchases 800 MHz of low-band spectrum and builds a 15,000-satellite constellation.

This will bolster Starlink Mobile's ability to compete with major carriers, providing broader coverage. SpaceX recently closed a $60 billion purchase of AI coding startup Cursor, and its military tier Starshield has faced scrutiny after being restricted in Ukraine, hindering the country's defense against Russian attacks. Potential competitors to Starlink, such as Eutelsat, have attracted investment capital as investors anticipate lucrative cloud computing deals facilitated by SpaceX.

The company is reportedly in discussions to raise up to $40 billion to acquire more Nvidia chips, supporting its AI ambitions. Investors are eagerly awaiting updates on SpaceX's AI and space-related businesses. One notable topic of interest ahead of earnings is a potential merger between SpaceX and Tesla, spearheaded by Elon Musk.