SpaceX posts first quarterly profit since IPO as revenue beats estimates
SpaceX (SPCX) reported third-quarter revenue of $14.58 billion and EPS of $0.35, shares rose about 2% after hours, according to Stocktwits.
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what happened
According to Stocktwits, SpaceX (SPCX) shares rose about 2% after hours on Tuesday. The company reported third-quarter revenue of $14.58 billion against an estimated $13 billion, and earnings of $0.35 a share versus an expected $0.13. It was the first profitable quarter since the June Nasdaq listing.
Revenue rose 161% year over year. The AI segment brought in $7.56 billion, overtaking Starlink connectivity sales of $5.25 billion for the first time. Capital spending was about $19.6 billion, mostly for AI infrastructure, leaving free cash flow negative.
On Thursday, October 22, up to 1.3 billion shares become freely tradable, the largest release so far under the 180-day lockup.
why it matters
A large unlock typically adds supply pressure, so the earnings reaction may be offset by sales from insiders and early investors. Tuesday's close near $148 sits above the $135 IPO price but well below the all-time high near $226.
market impact
SPCX and space sector: strong revenue supports demand, while the share unlock adds selling pressure
tags
instruments
sources
- SPCX Rises After Hours On AI-Driven Revenue Surge And First Profit Since IPO — Stocktwits, 20 October 2026 at 21:04 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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