{"id":321248,"date":"2026-10-21T16:20:49","date_gmt":"2026-10-21T10:50:49","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=321248"},"modified":"2026-10-21T16:20:49","modified_gmt":"2026-10-21T10:50:49","slug":"spacex-q3-2026-results-shares-jump-after-4-4-billion-profit-and-musk-on-tesla-merger","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/spacex-q3-2026-results-shares-jump-after-4-4-billion-profit-and-musk-on-tesla-merger\/","title":{"rendered":"SpaceX Q3 2026 Results: Why Shares Jumped After a $4.4 Billion Profit and What Musk Said on the Tesla Merger"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>The SpaceX Q3 2026 results, reported on 20 Oct 2026, show revenue of $14.58 billion, up 161% from a year earlier, and a net profit of $4.4 billion, its first profitable quarter since the June IPO. The stock closed at $147.79 on 20 Oct and traded near $159.70 in extended hours, up about 8% (my calculation), while the headline for 21 Oct puts the premarket gain at 8% to 9%. Musk said a Tesla merger is not certain and that independent special committees at both companies will decide. Two reports differ on EPS ($0.35 and $0.37), so I use $0.35.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The SpaceX Q3 2026 results, reported on 20 Oct 2026, showed revenue of $14.58 billion, up 161% from $5.6 billion a year earlier, and a net profit of $4.4 billion against a loss of $1.1 billion, the first profit since the June IPO. Revenue beat the roughly $12.87 billion analysts expected by about 13% (my calculation), and earnings per share of $0.35 were well above forecasts of $0.10 to $0.15 depending on the source. SpaceX shares rose about 8% to 9% in premarket and extended trading on 21 Oct, helped by Starlink adding 1.6 million consumer subscribers to reach 13.6 million. On the Tesla merger, Musk said it would be a good idea but that it is up to special committees, and that he cannot join the talks because he is a conflicted party.<\/p>\n<\/p><\/div>\n<p>The SpaceX Q3 2026 results are the first quarterly profit since the company listed in June 2026 at $135 a share, and they come with a capex bill of $19.6 billion and an outlook for much higher spending. Most of the jump in revenue came from the AI business, called SuperIntelligence or SI in the report, which includes cloud deals, Grok usage and the Cursor acquisition, while Starlink connectivity grew 69%.<\/p>\n<p>This article on the SpaceX Q3 2026 results covers the headline numbers, the segment split, Starlink subscribers, the share price move, guidance and capex, the Tesla merger comments and what to watch next. It is educational and not a recommendation to buy or sell any share.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=spacex-q3-2026-results-shares-jump-after-4-4-billion-profit-and-musk-on-tesla-merger\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/spacex-q3-2026-results-shares-jump-after-4-4-billion-profit-and-musk-on-tesla-merger\/#SpaceX_Q3_2026_Results_Headline_Numbers\" title=\"SpaceX Q3 2026 Results: Headline Numbers\">SpaceX Q3 2026 Results: Headline Numbers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/spacex-q3-2026-results-shares-jump-after-4-4-billion-profit-and-musk-on-tesla-merger\/#SpaceX_Q3_2026_Results_by_Segment\" title=\"SpaceX Q3 2026 Results by Segment\">SpaceX Q3 2026 Results by Segment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/spacex-q3-2026-results-shares-jump-after-4-4-billion-profit-and-musk-on-tesla-merger\/#Starlink_Subscribers_and_Share_Price_After_the_SpaceX_Q3_2026_Results\" title=\"Starlink Subscribers and Share Price After the SpaceX Q3 2026 Results\">Starlink Subscribers and Share Price After the SpaceX Q3 2026 Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/spacex-q3-2026-results-shares-jump-after-4-4-billion-profit-and-musk-on-tesla-merger\/#SpaceX_Q3_2026_Results_Guidance_Capex_and_the_AI_Spending_Bill\" title=\"SpaceX Q3 2026 Results: Guidance, Capex and the AI Spending Bill\">SpaceX Q3 2026 Results: Guidance, Capex and the AI Spending Bill<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/spacex-q3-2026-results-shares-jump-after-4-4-billion-profit-and-musk-on-tesla-merger\/#What_Musk_Said_on_the_SpaceX_Tesla_Merger_After_the_SpaceX_Q3_2026_Results\" title=\"What Musk Said on the SpaceX Tesla Merger After the SpaceX Q3 2026 Results\">What Musk Said on the SpaceX Tesla Merger After the SpaceX Q3 2026 Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/spacex-q3-2026-results-shares-jump-after-4-4-billion-profit-and-musk-on-tesla-merger\/#What_to_Watch_Next_After_the_SpaceX_Q3_2026_Results\" title=\"What to Watch Next After the SpaceX Q3 2026 Results\">What to Watch Next After the SpaceX Q3 2026 Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/spacex-q3-2026-results-shares-jump-after-4-4-billion-profit-and-musk-on-tesla-merger\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/spacex-q3-2026-results-shares-jump-after-4-4-billion-profit-and-musk-on-tesla-merger\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/spacex-q3-2026-results-shares-jump-after-4-4-billion-profit-and-musk-on-tesla-merger\/#What_were_the_SpaceX_Q3_2026_results\" title=\"What were the SpaceX Q3 2026 results?\">What were the SpaceX Q3 2026 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/spacex-q3-2026-results-shares-jump-after-4-4-billion-profit-and-musk-on-tesla-merger\/#How_much_did_SpaceX_shares_rise_after_the_SpaceX_Q3_2026_results\" title=\"How much did SpaceX shares rise after the SpaceX Q3 2026 results?\">How much did SpaceX shares rise after the SpaceX Q3 2026 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/spacex-q3-2026-results-shares-jump-after-4-4-billion-profit-and-musk-on-tesla-merger\/#What_did_Musk_say_about_the_SpaceX_Tesla_merger\" title=\"What did Musk say about the SpaceX Tesla merger?\">What did Musk say about the SpaceX Tesla merger?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/spacex-q3-2026-results-shares-jump-after-4-4-billion-profit-and-musk-on-tesla-merger\/#How_many_Starlink_subscribers_did_SpaceX_report_in_the_SpaceX_Q3_2026_results\" title=\"How many Starlink subscribers did SpaceX report in the SpaceX Q3 2026 results?\">How many Starlink subscribers did SpaceX report in the SpaceX Q3 2026 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/spacex-q3-2026-results-shares-jump-after-4-4-billion-profit-and-musk-on-tesla-merger\/#Why_is_SpaceX_capex_so_high_in_the_SpaceX_Q3_2026_results\" title=\"Why is SpaceX capex so high in the SpaceX Q3 2026 results?\">Why is SpaceX capex so high in the SpaceX Q3 2026 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/spacex-q3-2026-results-shares-jump-after-4-4-billion-profit-and-musk-on-tesla-merger\/#Is_the_44_billion_profit_in_the_SpaceX_Q3_2026_results_all_from_operations\" title=\"Is the $4.4 billion profit in the SpaceX Q3 2026 results all from operations?\">Is the $4.4 billion profit in the SpaceX Q3 2026 results all from operations?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/spacex-q3-2026-results-shares-jump-after-4-4-billion-profit-and-musk-on-tesla-merger\/#Can_Indian_investors_buy_SpaceX_shares\" title=\"Can Indian investors buy SpaceX shares?\">Can Indian investors buy SpaceX shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/spacex-q3-2026-results-shares-jump-after-4-4-billion-profit-and-musk-on-tesla-merger\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"SpaceX_Q3_2026_Results_Headline_Numbers\"><\/span><strong>SpaceX Q3 2026 Results: Headline Numbers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">SpaceX Q3 2026 results: measure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reported figure<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue in the SpaceX Q3 2026 results<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$14.58 billion, up 161% from $5.6 billion a year earlier<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Analyst revenue estimate<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About $12.87 billion, so a beat of about 13% (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net income in the SpaceX Q3 2026 results<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$4.4 billion, against a net loss of $1.1 billion a year earlier<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Income from operations<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$2.8 billion, a margin of about 19.2% (my calculation)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Adjusted EBITDA in the SpaceX Q3 2026 results<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$8.8 billion, up about 306% from a year earlier<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Earnings per share (diluted)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$0.35 in two reports; one report says $0.37<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Analyst EPS estimate<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$0.10 in one report and $0.15 in another<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q2 2026 for comparison<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Revenue $7.8 billion and net loss $541 million<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Quarter-on-quarter revenue growth<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 87% (my calculation)<\/td>\n<\/tr>\n<\/table>\n<p>Net income of $4.4 billion is higher than the $2.8 billion of operating income, which means about $1.6 billion came from items below the operating line (my calculation). The reports I read do not explain that gap, so I cannot say whether it is a tax benefit, a gain or something else, and the quality of the SpaceX Q3 2026 results profit depends on the answer. The net margin of about 30.2% (my calculation) should be read with that caveat.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Track global and Indian stocks on the Univest screeners page<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"SpaceX_Q3_2026_Results_by_Segment\"><\/span><strong>SpaceX Q3 2026 Results by Segment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">SpaceX Q3 2026 results: segment<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reported figure<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Super Intelligence (SI) revenue in the SpaceX Q3 2026 results<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$7.6 billion, helped by cloud deals, Grok usage and Cursor<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">SI operating profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$431 million, against a $1.3 billion loss in Q2<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">SI adjusted EBITDA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$5 billion in one report<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Cursor contribution<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$608 million of revenue; deal closed 14 Aug 2026 at an implied equity value of $60 billion<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Starlink connectivity revenue in the SpaceX Q3 2026 results<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$5.2 billion, up 69% year on year<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Connectivity operating income<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$2.37 billion, nearly double, per a CNBC figure cited by StartupHub<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Space revenue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$1.8 billion, up 84% from Q2, with 35 missions flown<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Nameplate compute<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1.7 GW at 30 Sep, up from 1.4 GW at the end of June<\/td>\n<\/tr>\n<\/table>\n<p>The three segments in the SpaceX Q3 2026 results add up to $14.6 billion (my calculation), with SI at about 52% of revenue. Sources disagree on what SI revenue is compared with, one saying $2.6 billion in Q2 and another $6.7 billion a year earlier, so I do not quote a growth rate for SI. Q3 also includes Starship Flight 14, the first revenue-earning Starship mission, which delivered 26 Starlink V3 satellites.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to open a demat account and invest in global themes.<\/em><\/p>\n<p><strong>Risk:<\/strong> The SpaceX Q3 2026 results rely heavily on a young AI business and an acquisition closed in August, so the mix of revenue can change quickly from one quarter to the next.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Starlink_Subscribers_and_Share_Price_After_the_SpaceX_Q3_2026_Results\"><\/span><strong>Starlink Subscribers and Share Price After the SpaceX Q3 2026 Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">SpaceX Q3 2026 results: Starlink and stock<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reading<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Starlink consumer subscribers<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">13.6 million, up 1.6 million from 12.0 million in June<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Average revenue per consumer subscriber<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$69 a month<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Enterprise and government revenue<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 91% year on year in one report<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Aircraft with Starlink<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">More than 3,800 installed; about 12,000 under contract in another report<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Close on 20 Oct 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$147.79<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Extended trading<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$159.70, up about 8.06%<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Compared with the $135 IPO price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Close about 9.5% above and extended price about 18.3% above (my calculation)<\/td>\n<\/tr>\n<\/table>\n<p>The headline for the SpaceX Q3 2026 results says the premarket gain was 8% while its summary says 9%, so the SpaceX shares move on 21 Oct is roughly 8% to 9%, and I could not confirm a final premarket print or the regular session close. I also could not find a confirmed market capitalisation for 21 Oct in the pages I read. Earlier in the quarter the stock had a 52-week range of $107.01 to $225.64 per an August report, so a price near $160 is still well below the high.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"SpaceX_Q3_2026_Results_Guidance_Capex_and_the_AI_Spending_Bill\"><\/span><strong>SpaceX Q3 2026 Results: Guidance, Capex and the AI Spending Bill<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">SpaceX Q3 2026 results: outlook item<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Figure<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q3 capex in the SpaceX Q3 2026 results<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$19.6 billion, of which about $16.4 billion for SI and Colossus II<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q4 2026 capex guidance<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$35 billion to $40 billion in one report<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q1 2027 revenue guidance<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$33 billion to $37 billion in one report<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Q4 2026 gross margin<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Expected to be more in line with Q2, as Q3 had one-time customer mix benefits<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Annual recurring revenue target<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">$100 billion by the end of 2026 in one report<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Musk&#8217;s longer view<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">At least 13 GW of compute by end 2027 and $500 billion to $1 trillion of ARR; not guidance<\/td>\n<\/tr>\n<\/table>\n<p>Capex of $19.6 billion was more than twice adjusted EBITDA of $8.8 billion (my calculation), and the Q4 capex guidance is nearly double Q3 again. The outlook figures come from a single transcript summary and the company release carried no numeric guidance, so check them against the transcript. Stock compensation of about $1.2 billion linked to Cursor was also flagged in one summary.<\/p>\n<p><strong>Risk:<\/strong> Heavy spending on AI compute raises the funding need and means profit can swing if demand or pricing for AI services softens.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Musk_Said_on_the_SpaceX_Tesla_Merger_After_the_SpaceX_Q3_2026_Results\"><\/span><strong>What Musk Said on the SpaceX Tesla Merger After the SpaceX Q3 2026 Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">SpaceX Tesla merger: point<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">What was said<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Committees<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">SpaceX and Tesla each formed a special committee of independent directors<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Musk&#8217;s role<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">He said he is a conflicted party and cannot join the committees&#8217; discussions<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Musk&#8217;s view<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">&#8216;I think it would be a good idea, but it&#8217;s really up to the special committees&#8217;<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Certainty<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">He said a deal is not guaranteed and shareholders have to support it<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Tesla vote<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">One report says it would need 50% of all Tesla shares<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Terms<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">None agreed; no exchange ratio or valuation given<\/td>\n<\/tr>\n<\/table>\n<p>Reports differ on how the merger came up. Some say Musk spoke on the call, while StartupHub says the Tesla question was a top retail investor question that investor relations did not put to management. I treat the Musk quotes as reported by CNBC and two other pages, and I could not verify the exact setting. After the SpaceX Q3 2026 results, any merger would need both committees and shareholders to agree, so the SpaceX Tesla merger remains a possibility and not a plan.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next_After_the_SpaceX_Q3_2026_Results\"><\/span><strong>What to Watch Next After the SpaceX Q3 2026 Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>The regular session close of SpaceX shares on 21 Oct and whether the 8% to 9% gain holds<\/li>\n<li>Any statement from the Tesla or SpaceX special committees on a merger timeline or terms<\/li>\n<li>The next Starship launch, which Morgan Stanley&#8217;s Adam Jonas flagged as a valuation catalyst<\/li>\n<li>Q4 capex and whether the SI business keeps its operating profit<\/li>\n<li>Starlink subscriber growth against the 13.6 million base<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The SpaceX Q3 2026 results beat expectations, with revenue of $14.58 billion, a $4.4 billion profit and 13.6 million Starlink subscribers, and the shares rose about 8% to 9% on 21 Oct. The profit is larger than operating income and unexplained in the pages I read, capex is very high and the Tesla merger is only under review. Check the filings and size any position, including through overseas routes, to your own risk.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_were_the_SpaceX_Q3_2026_results\"><\/span><strong>What were the SpaceX Q3 2026 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> SpaceX reported revenue of $14.58 billion, up 161% from $5.6 billion a year earlier, and a net profit of $4.4 billion against a loss of $1.1 billion. Operating income was $2.8 billion and adjusted EBITDA was $8.8 billion. It was the first profitable quarter since the June 2026 IPO.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_did_SpaceX_shares_rise_after_the_SpaceX_Q3_2026_results\"><\/span><strong>How much did SpaceX shares rise after the SpaceX Q3 2026 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The headline reports a premarket gain of 8%, and its summary says 9%. One report shows extended trading at $159.70, up about 8.06% from the $147.79 close. I could not confirm the final premarket or regular session numbers.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_did_Musk_say_about_the_SpaceX_Tesla_merger\"><\/span><strong>What did Musk say about the SpaceX Tesla merger?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Musk said a merger would be a good idea but that it is up to the special committees of both companies, and that he cannot take part because he is conflicted. He said a deal is not guaranteed and shareholders must support it.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_many_Starlink_subscribers_did_SpaceX_report_in_the_SpaceX_Q3_2026_results\"><\/span><strong>How many Starlink subscribers did SpaceX report in the SpaceX Q3 2026 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Starlink had 13.6 million consumer subscribers at the end of Q3, up 1.6 million from 12.0 million in June. Average revenue per consumer subscriber was $69 a month, and connectivity revenue was $5.2 billion, up 69%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_SpaceX_capex_so_high_in_the_SpaceX_Q3_2026_results\"><\/span><strong>Why is SpaceX capex so high in the SpaceX Q3 2026 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Q3 capex was $19.6 billion, with about $16.4 billion for the SI business and its Colossus II compute build. One report gives Q4 capex guidance of $35 billion to $40 billion, so spending is rising further.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_44_billion_profit_in_the_SpaceX_Q3_2026_results_all_from_operations\"><\/span><strong>Is the $4.4 billion profit in the SpaceX Q3 2026 results all from operations?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. Operating income was $2.8 billion, so about $1.6 billion of the $4.4 billion net profit came from other items (my calculation). The reports I read do not explain the difference, so check the filing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_Indian_investors_buy_SpaceX_shares\"><\/span><strong>Can Indian investors buy SpaceX shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> SpaceX trades on a US exchange, so Indian investors normally need an overseas investing route through a broker that offers US stocks, which involves currency, tax and remittance rules. Check the rules with your broker before investing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What were the SpaceX Q3 2026 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"SpaceX reported revenue of $14.58 billion, up 161% from $5.6 billion a year earlier, and a net profit of $4.4 billion against a loss of $1.1 billion. Operating income was $2.8 billion and adjusted EBITDA was $8.8 billion. It was the first profitable quarter since the June 2026 IPO.\"}},{\"@type\":\"Question\",\"name\":\"How much did SpaceX shares rise after the SpaceX Q3 2026 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The headline reports a premarket gain of 8%, and its summary says 9%. One report shows extended trading at $159.70, up about 8.06% from the $147.79 close. 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The reports I read do not explain the difference, so check the filing.\"}},{\"@type\":\"Question\",\"name\":\"Can Indian investors buy SpaceX shares?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"SpaceX trades on a US exchange, so Indian investors normally need an overseas investing route through a broker that offers US stocks, which involves currency, tax and remittance rules. Check the rules with your broker before investing.\"}},{\"@type\":\"Question\",\"name\":\"Is this article investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SpaceX Q3 2026 results: $14.58 billion revenue, a first profit of $4.4 billion, shares up 8% to 9%, Starlink at 13.6 million subscribers and Musk on the Tesla merger.<\/p>\n","protected":false},"author":36,"featured_media":321246,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[14198,14194,14201,14193,14195,14197,14199,14196],"class_list":["post-321248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-elon-musk","tag-spacex-earnings","tag-spacex-profit","tag-spacex-q3-2026-results","tag-spacex-shares","tag-spacex-tesla-merger","tag-spcx-stock","tag-starlink-subscribers"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["321246"],"rank_math_title":["SpaceX Q3 2026 Results: $4.4 Billion Profit, Merger Talk"],"rank_math_description":["SpaceX Q3 2026 results show a $4.4 billion profit on $14.58 billion revenue. 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