US Stock Alert: SpaceX soars on October 20—Earnings beat expectations, AI growth, and merger discussions

SpaceX October 20 Surge Analysis

Keywords: Earnings Beat Expectations, AI Growth, Merger Discussions

1. On October 20, the company announced its Q3 2026 results: revenue reached 14.6 billion USD, a year-on-year increase of 161%; net profit hit 4.4 billion USD, compared to a net loss of 1.1 billion USD in the same period last year. Super Intelligent Business revenue was 7.56 billion USD, becoming the company's largest revenue source for the first time and exceeding analyst expectations.

2. On October 20, during the earnings call, Musk stated that SpaceX and Tesla have established a special committee to evaluate a merger plan; the merger is not yet confirmed and requires shareholder support, with both sides' committees not yet reaching an agreement on transaction terms.

3. On October 20, the company's connectivity business revenue grew 69% year-on-year to 5.2 billion USD, with users increasing to 13.6 million; aerospace business revenue was 1.8 billion USD, up 6% year-on-year.

(Disclaimer: This content is generated by AI technology summarizing public information and is for reference only. It does not constitute investment advice.)