{
  "id": 15929338,
  "title": "Elon Musk: This SpaceX moonshot is ‘no longer impossible’ as blowout earnings spark stock market rally",
  "url": "https://urgent.news/2026/10/21/elon-musk-this-spacex-moonshot-is-no-longer-impossible-as-blowout",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-21T17:30:00.000Z",
  "source": {
    "name": "Fast Company",
    "slug": "fast-company",
    "url": "https://www.fastcompany.com/91627586/spacex-earnings-q3-2026-elon-musk-moonshot-no-longer-impossible-stock-market-rally-tesla-merger"
  },
  "original_language": "en",
  "account": "Elon Musk's SpaceX delivered strong earnings, outperforming expectations and sparking a rally in the stock market. The company reported a 161% year-over-year revenue growth, reaching $14.58 billion, which surpassed analysts' expectations of $12.72 billion. SpaceX's earnings per share (EPS) came in at 45 cents adjusted, compared to an expected 13 cents. The company's operating income was $2.8 billion, and net income was $4.4 billion, marking a significant turnaround from a net loss of $1.05 billion in the same period last year.\n\nSpaceX's largest business, the Super Intelligence (SI) segment, saw revenue grow ninefold to $7.56 billion, up from $813 million in the previous year. The segment's growth played a crucial role in driving the overall revenue surge. In addition to Super Intelligence, SpaceX's Starlink satellite internet service expanded its subscriber base to 13.6 million people, up from 12 million, and has service in 174 countries with over 11,000 satellites orbiting the Earth.\n\nFounding CEO Elon Musk delivered a bold statement on social media platform X, suggesting that $1T in revenue by 2028 is no longer impossible. This timeline is even more ambitious for Musk, who had previously estimated the milestone wouldn't be reached until 2030. In August, Musk had been discussing the possibility of achieving the $1T revenue goal by 2029, acknowledging a \"non-zero chance\" of the target being achieved in 2029.\n\nMusk hinted at a potential merger with his other company, Tesla, during the earnings report, calling it \"a good idea.\" The merger discussion came just before Tesla was set to report its third-quarter earnings after the market closed on the day of SpaceX's earnings release.",
  "summary": "Good news for investors: SpaceX earnings came in a lot hotter than expected—some are even calling it a “ blowout “, beating Wall Street expectations. Also on Tuesday, the day of SpaceX’s third quarter 2026 earnings report, founder and CEO Elon Musk said in a post on his social media platform X : “As crazy as this sounds, $1T in SpaceX revenue in 2028 is no longer impossible.” It’s bold timeline…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "CNBC",
        "title": "Meta and Tesla bulls get confidence boost after SpaceX earnings",
        "url": "https://urgent.news/2026/10/21/meta-and-tesla-bulls-get-confidence-boost-after-spacex-earnings",
        "published": "2026-10-21T16:35:48.000Z"
      },
      {
        "outlet": "Guardian Business",
        "title": "Tesla to report earnings after Elon Musk floats SpaceX merger plan",
        "url": "https://urgent.news/2026/10/21/tesla-to-report-earnings-after-elon-musk-floats-spacex-merger-plan",
        "published": "2026-10-21T19:41:50.000Z"
      }
    ]
  },
  "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."
}