SpaceX Share Price: Shares of Elon Musk’s aerospace manufacturer, SpaceX, surged over 8 per cent in extended trading on Tuesday (local time) after the company reported a 161 per cent year-on-year increase in revenue for the third quarter of 2026. The company’s financial performance was supported by rapid growth in its Connectivity and Super Intelligence (SI) businesses, with SI revenue increasing more than eightfold.
As of 9:21 PM EDT, SpaceX shares were trading at USD 159.98, up USD 12.16 or 8.2 per cent.
SpaceX Q3 Results 2026
SpaceX reported total revenue of USD 14.6 billion for the third quarter of 2026, up 161 per cent year-on-year. The company posted a net profit of USD 4.4 billion, compared with a loss of USD 1.1 billion in the year-ago period.
Adjusted EBITDA jumped 306 per cent to USD 8.8 billion during the quarter.
The Connectivity segment remained a key growth driver, with revenue rising 69 per cent year-on-year to USD 5.2 billion. Operating income for the segment increased 99 per cent to USD 2.4 billion, supported by enterprise adoption and growth in Starlink services.
Starlink’s consumer subscriber base expanded to 13.6 million as of September 30, 2026, compared with 7.2 million a year earlier.
The Super Intelligence business also reported strong growth, with revenue surging 830 per cent year-on-year to USD 7.6 billion. The segment recorded an operating profit of USD 431 million, compared with an operating loss of USD 1.7 billion in the year-ago period.
The performance was supported by cloud service agreements, the Cursor acquisition and wider adoption of Grok products.
SpaceX’s Space business reported revenue of USD 1.8 billion, up 6 per cent year-on-year. During the quarter, the company completed 12 customer launches and conducted its first revenue-generating Starship mission, carrying 26 Starlink V3 satellites.
Tesla-SpaceX merger under consideration
SpaceX CEO Elon Musk discussed the possibility of a merger between Tesla and SpaceX during the company’s quarterly earnings call on Tuesday.
Asked about the idea of combining the two companies, Musk said, “Do I think it would be a good idea? Yes,” according to the remarks provided in the source text.
“The special committees have not reached agreement on terms of any transaction and there’s no guarantee that they will,” Musk added.
“But I do think there is a lot of merit to merging and a lot to be gained,” he said.
Elon Musk says USD 1 trillion revenue could come earlier
Following SpaceX’s third-quarter results, Musk indicated that the company’s long-term revenue ambitions could be achieved earlier than previously anticipated.
After reporting a 161 per cent year-on-year increase in revenue to USD 14.6 billion, Musk reposted an earlier forecast that SpaceX could generate about USD 1 trillion in annual revenue by 2030.
He added that reaching the milestone “is no longer impossible” by 2028.
Paytm founder Vijay Shekhar sharma reacts
Paytm founder Vijay Shekhar Sharma also reacted to SpaceX’s third-quarter performance and Musk’s revenue projections.
Responding to a Yahoo Finance post highlighting Musk’s view that SpaceX’s annual recurring revenue (ARR) could reach between USD 500 billion and USD 1 trillion by the end of 2027, Sharma wrote, “That’s the highest ARR I’ve ever heard.”
He added that while the target appeared extraordinary, “Elon being Elon, this may not be far-fetched.”
Sharma also remarked on the shift from discussions about half-a-trillion-dollar valuations during the dot-com era to the possibility of half-a-trillion dollars in annual revenue.
SpaceX’s latest results showed revenue of USD 14.6 billion and net profit of USD 4.4 billion for the third quarter of 2026, alongside Musk’s comments on a potential merger with Tesla and the company’s long-term revenue targets.