SpaceX shares rise after results as revenue jumps 161% on AI division
SpaceX reported 161% revenue growth and plans to expand data-center capacity to 20 GW by 2027. Shares climbed after hours, lifting the AI sector along with them.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
According to Dow Jones Newswires, citing MarketWatch, SpaceX's third-quarter revenue rose 161% year on year to $14.6 billion. The Super Intelligence division grew nearly 830% and for the first time accounted for more than half of the company's sales.
CEO Elon Musk said data-center capacity could reach 20 gigawatts by the end of 2027, up from 1.7 gigawatts at the end of the third quarter. He said hyperscalers and dozens of smaller firms keep asking to rent more compute. The company expects first-quarter 2027 revenue of $33 billion to $37 billion, while FactSet analysts had expected $22 billion.
SpaceX shares were up about 8% in after-hours trading, and Nvidia, Tesla, Intel, CoreWeave and Nebius also moved higher.
why it matters
The results point to continued demand for AI computing power, which the company says is not slowing, with payback on infrastructure spending seen in under a year. At the same time, planned spending for the coming quarter rises to $35–40 billion, so investors will watch how that weighs on future margins.
market impact
AI stocks (Nvidia, CoreWeave, Nebius): stronger compute demand supports the sector
tags
instruments
sources
- Why SpaceX's stock is surging - and lifting the broader AI universe along with it — Dow Jones Newswires, 20 October 2026 at 23:10 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗