SpaceX Shares Surge After 161% Revenue Jump
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SpaceX shares rose in after‑hours trading Tuesday after the company reported a 161% jump in third‑quarter revenue to $14.58 billion, driven by its AI unit. The AI division generated roughly $7.6 billion, overtaking Starlink’s $5.2 billion. Net profit swung to about $4.4 billion from a $541 million loss in the prior quarter. Elon Musk said the company has formed independent committees to discuss a possible merger with Tesla, though he cannot participate due to conflicts of interest.
Timeline
- On January 1 2025 Starlink accounted for sixty‑one percent of revenue.
- On June 1 2026 SpaceX completed historic initial public offering.
- On August 8 2026 SpaceX reported third‑quarter revenue of $14.58 billion.
- On August 8 2026 Shares jumped four percent to $154 in after‑hours trading.
Sources
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