For the second time: SpaceX shattered expectations, revenues soared 161%

SpaceX released its Q3 2026 results, beating analyst forecasts for the second consecutive quarter. Revenue surged 161% to $14.58 billion, while adjusted earnings per share came in at $0.35, well above the $0.13 estimate. The stock rose 2.5% in after-hours trading.

SpaceX, Elon Musk's space company, released its Q3 2026 results, beating analyst forecasts for the second consecutive quarter. Revenue surged 161% year-over-year to $14.58 billion, compared to expectations of $12.72 billion. Adjusted earnings per share came in at $0.35, significantly above the $0.13 estimate. The stock rose 2.5% in after-hours trading, with the company's market capitalization reaching $1.94 trillion at market close. SpaceX was listed on the Nasdaq in June at a valuation of $1.7 trillion and published its first successful quarterly results in August. Most of the revenue and profits came from Starlink's connectivity services, the satellite internet business. The company reported an operating profit of $2.8 billion and net income of $4.4 billion. During the third quarter, SpaceX completed the acquisition of the AI-based code startup Cursor for $60 billion. Additionally, earlier this month, Alphabet launched AI chips into space using a SpaceX Falcon 9 rocket, as part of an experiment to deploy AI infrastructure in space. Analysts at RBC Capital Markets set a price target of $225 per share with a buy recommendation.