Veytics Intelligence
2026-10-20 · Yahoo

SpaceX Earnings Blow Past Wall Street Estimates

SpaceX is blowing past all Wall Street expectations in its second earnings report as a public company. Elon Musk's company posted its first quarterly profit $4.4 billion, or 35 cents a share, more than double estimates while spending nearly $20 billion on capex. Ross Gerber of Gerber Kawasaki Wealth and Investment Management, is a shareholder. He says SpaceX should just buy Tesla now. Video Transcript 00:00 Speaker A Meanwhile, we're keeping an eye on SpaceX. So, shares up about 2% here on the back of its earnings. Revenue in the quarter coming in at about $15 billion, I'm rounding up. The street was looking for about uh $13 billion. Uh actual space revenue itself coming in at 1.77 billion, that's a beat. Connectivity revenue, $5.

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