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SpaceX revenue soars 161% as AI business overtakes Starlink, shares jump 4% post-earnings

Company Fundamentals
20 Oct 2026
New York Post
View Source
Bullish
SpaceX revenue soars 161% as AI business overtakes Starlink, shares jump 4% post-earnings

SpaceX reported a 161% surge in quarterly revenue to $14.58 billion, driven by its AI division which now surpasses Starlink as the top revenue source. The AI business, including the Grok chatbot and cloud services, generated $7.6 billion, while Starlink contributed $5.2 billion. SpaceX swung to a $4.4 billion net profit and plans to expand Starship launches, aiming for weekly flights next year. CEO Elon Musk also revealed discussions of a possible SpaceX-Tesla merger, supported by shareholders and independent committees.

Following Elon Musk's announcement of a potential SpaceX-Tesla merger, Tesla shares have gained momentum, rising 3.20% to USD 379.85 as of Oct 21, 2026 05:41 WIB on Pluang. The stock holds a market cap of $1.45 trillion and has seen a typical hold time of 88 days among Pluang investors, with 68% of orders being sell and 32% buy. This activity highlights active trading interest around Tesla amid Musk's latest strategic moves.

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