{
  "id": 15826613,
  "title": "SpaceX’s stock soars as Elon Musk reveals crushing earnings and revenue beat",
  "url": "https://urgent.news/2026/10/21/spacexs-stock-soars-as-elon-musk-reveals-crushing-earnings-and",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-21T00:42:01.000Z",
  "source": {
    "name": "SiliconANGLE",
    "slug": "siliconangle",
    "url": "https://siliconangle.com/2026/10/20/spacexs-stock-soars-as-elon-musk-reveals-crushing-earnings-and-revenue-beat/"
  },
  "original_language": "en",
  "account": "SpaceX's shares surged over 8% in after-hours trading following the company's earnings call, where CEO Elon Musk disclosed robust third-quarter results that surpassed Wall Street expectations. The company reported a stunning $4.4 billion net income, a dramatic improvement from a $1.1 billion loss in the same period last year. Revenue skyrocketed 161% to $14.6 billion, outpacing the $12.72 billion forecast. This surge in earnings, coupled with a 306% increase in adjusted earnings before interest, taxes, depreciation, and amortization, contributed to SpaceX's soaring stock price.\n\nThe earnings call, livestreamed on the social media platform X, was a spectacle featuring a video recapping the latest Starship launch, a simulation of the upcoming flight involving a mechanical arm, and a cinematic showcase of SpaceX's products. Musk emphasized the potential merger between SpaceX and Tesla, with both companies' boards creating a special committee to explore its feasibility.\n\nStarlink, SpaceX's satellite-based internet service, was a standout performer, boasting 13.6 million subscribers and generating $5.25 billion in total connectivity revenue, a 69% increase from the previous quarter. Consumer revenue from Starlink reached $3.12 billion, while enterprise and government customers contributed $2.13 billion. The AI arm of SpaceX, xAI, which developed the chatbot Grok, proved to be the company's largest business, with revenue reaching $7.56 billion, a substantial jump from $813 million a year ago. SpaceX's acquisition of the AI coding startup Cursor for $60 billion further bolstered its AI capabilities.\n\nThe company's ambitious plans for expanding data center capacity to 20 gigawatts by the end of 2027, up from 1.7 gigawatts, and its goal of generating a return on data center investments within 12 months, have fueled investor interest. Wall Street analysts are projecting SpaceX's annual recurring revenue run rate to reach $100 billion by the end of the year, potentially skyrocketing to $500 billion to $1 trillion by 2027.",
  "summary": "Shares of Space Exploration Technologies Corp., Elon Musk’s rocket developer and artificial intelligence company, gained more than 8% in late trading today after posting earnings results that revealed the strong momentum of its AI business. The company reported third-quarter earnings before certain costs such as stock compensation of 45 cents per share, crushing Wall Street’s […] The post…",
  "key_points": [
    "SpaceX's earnings soar 161% to $14.6 billion, beating forecasts",
    "CEO Elon Musk discloses $4.4 billion net income, a stark contrast to $1.1 billion loss last year",
    "Starlink subscribers hit 13.6 million, generating $5.25 billion in connectivity revenue"
  ],
  "editors_take": "Explosive growth in xAI revenue and Starlink connectivity marks a fundamental shift for SpaceX as it transitions from a launch provider into a dominant powerhouse across the artificial intelligence and satellite sectors.",
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "Musk calls Tesla-SpaceX merger a 'good idea' as SpaceX posts first profit as a public company",
        "url": "https://urgent.news/2026/10/20/musk-calls-tesla-spacex-merger-a-good-idea-as-spacex-posts-first",
        "published": "2026-10-20T20:08:59.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Musk calls Tesla-SpaceX merger a ‘good idea’ as SpaceX posts first profit as a public company",
        "url": "https://urgent.news/2026/10/20/musk-calls-tesla-spacex-merger-a-good-idea-as-spacex-posts-first-15819311",
        "published": "2026-10-20T23:15:00.000Z"
      },
      {
        "outlet": "Japan Times",
        "title": "Musk calls Tesla-SpaceX merger a ‘good idea’ as SpaceX posts first profit as a public company",
        "url": "https://urgent.news/2026/10/20/musk-calls-tesla-spacex-merger-a-good-idea-as-spacex-posts-first-15818515",
        "published": "2026-10-20T23:29:00.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "U.S. stock futures rise as SpaceX surges on upbeat earnings",
        "url": "https://urgent.news/2026/10/21/u-s-stock-futures-rise-as-spacex-surges-on-upbeat-earnings",
        "published": "2026-10-21T01:50:13.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}