$SPCX Q3 earnings: big beat, stock +7% after hours 🚀
SpaceX just reported its Q3 and it was a strong one.
- The numbers
Revenue: $14.58B vs ~$12.7B expected (+161% YoY) EPS: $0.35 vs ~$0.14–0.16 expected Net income: $4.4B (vs a $1.05B loss a year ago) AI division revenue: $7.6B, up 830% YoY Capex $19.59B, in line with forecasts. Last quarter’s capex shock hit the stock, so this matters.
- From the call
Musk says a Tesla merger is “a good idea.” Both boards have formed special committees. Musk is targeting $500B–$1T annual recurring revenue by end of 2027. Very ambitious. Next Starship launch will try to catch both ship and booster.
- Price
Closed at $147.79, then ran to ~$158 after hours. The perp is trading near $159.
- What I’m watching
After-hours moves on thin volume can reverse. After Q2 the stock dumped 14% the next day. A big lockup expiry is coming Thursday, which means more shares hitting the market. The real test is the US open.
Not financial advice. Futures are high risk, so manage your leverage and use a stop.
$SPCX $TSLA #SpaceX #SPCX
SpaceX just reported its Q3 and it was a strong one.
- The numbers
Revenue: $14.58B vs ~$12.7B expected (+161% YoY) EPS: $0.35 vs ~$0.14–0.16 expected Net income: $4.4B (vs a $1.05B loss a year ago) AI division revenue: $7.6B, up 830% YoY Capex $19.59B, in line with forecasts. Last quarter’s capex shock hit the stock, so this matters.
- From the call
Musk says a Tesla merger is “a good idea.” Both boards have formed special committees. Musk is targeting $500B–$1T annual recurring revenue by end of 2027. Very ambitious. Next Starship launch will try to catch both ship and booster.
- Price
Closed at $147.79, then ran to ~$158 after hours. The perp is trading near $159.
- What I’m watching
After-hours moves on thin volume can reverse. After Q2 the stock dumped 14% the next day. A big lockup expiry is coming Thursday, which means more shares hitting the market. The real test is the US open.
Not financial advice. Futures are high risk, so manage your leverage and use a stop.
$SPCX $TSLA #SpaceX #SPCX