SpaceX (
$SPCX ) +9.21% blowout — Oct 20-21 results 🚀
📊 Final Q3 Numbers (filed SEC):
- Revenue: $14.58B (+161% YoY) vs $12.97B est → Beat 12.3% 💥
- EPS: $0.35 vs $0.10-0.14 est → 250% beat
- Net Income: $4.4B vs -$1.05B loss last year = First profitable quarter ever!
- EBITDA: $8.8B (+306% YoY) vs $6.59B est
🤖 Where growth came from:
- Super Intelligence (AI): $7.56B = 51.9% of total! Up 830% YoY 🔥
- Includes $608M from Cursor acquisition (Aug 14)
- Operating profit $431M (was -$1.26B loss in Q2!)
- AI capex $16.44B - pays back in <1 year per CFO
- Starlink / Connectivity: $5.25B (+69%) → $2.37B operating income
- 13.6M subscribers (+1.6M in Q3), ARPU $69
- 3,800+ aircraft with Starlink
- Space / Launch: $1.77B (+6%), 35 launches in Q3
📈 Stock Move:
- Pre-earnings: $147.79 close Oct 20
- Intraday high Oct 21: $166.18 (+9.21% to +10%+)
- Close: $159.31 (+7.79%) — Volume 217M = 2x avg
- Market cap ∼$2.2T
- Q1 2027 guidance: $33-37B revenue, backlog $63B, cash $89.9B
#SPC -