SpaceX stock (SPCX) jumps after revenue soars 161% and Musk floats a Tesla merger

SpaceX’s latest quarterly report as a public company sent investors searching. “Spcx stock” drew more than 50,000 US searches overnight, according to Google Trends, along with “SpaceX earnings,” “SPCX stock price” and “SpaceX stock lockup expiration dates.”

SpaceX Q3 2026 earnings: the numbers

SpaceX (Nasdaq: SPCX) reported results after the bell on Tuesday, Oct. 20. According to its earnings release filed with the SEC and CNBC’s coverage:

• Revenue: $14.6 billion ($14.575 billion), up 161% year over year. CNBC said that beat the LSEG consensus estimate of $12.72 billion.
• Net income: $4.4 billion, or $0.35 per diluted share, compared with a net loss of $1.05 billion a year earlier.
• Operating income: $2.8 billion.
• Adjusted EBITDA: $8.8 billion, per the release.

The company guided first-quarter 2027 revenue of $33 billion to $37 billion, well above the average analyst estimate of $22.2 billion, according to CNBC.

What drove the growth

Chief Financial Officer Bret Johnson credited “continued momentum in Connectivity,” meaning the Starlink satellite internet business, and “a clear inflection in our Super Intelligence business.”

SpaceX now calls its AI infrastructure business “Super Intelligence,” or SI. CNBC reported that SI is the company’s largest unit, with revenue up roughly ninefold to $7.56 billion from $813 million a year earlier.

Musk floats a SpaceX–Tesla merger

On the earnings call, Elon Musk said he is considering combining SpaceX with Tesla, and that both boards have formed committees to discuss it, CNBC reported. “I do think there’s a lot of merit to combining the companies,” Musk said.

No deal has been announced. Tesla reports its own third-quarter results after the close on Wednesday, Oct. 21.

How SPCX stock reacted

SpaceX shares were up about 10.4% in premarket trading on Wednesday, and Tesla was up 2.1%, according to CNBC. Premarket moves can reverse once regular trading begins.

SpaceX went public on the Nasdaq in June in what CNBC called the biggest IPO ever.

What about the lockup expiration?

“SpaceX stock lockup expiration dates” was a common related search. The sources we reviewed for this story don’t give lockup dates, so we’re not listing any. The company’s IPO prospectus and SEC filings are the place to check.

This article is for information only and is not investment advice.

FAQ

What did SpaceX report? Q3 revenue of $14.6 billion, up 161%, and net income of $4.4 billion.

Why did SPCX stock rise? The results beat estimates, guidance was strong, and Musk discussed a possible Tesla combination.

Is SpaceX merging with Tesla? Musk said it’s being considered and board committees are discussing it; nothing has been agreed.