PomegraSpaceX Stock Jumps 9% After Q3 Earnings Beat
Why is SpaceX stock up today?
SpaceX (SPCX) stock rose about 9% to $161.74 on Wednesday after Q3 earnings showed revenue up 161% to $14.58 billion, driven by renting AI computing capacity to tech firms.
Key numbers
| Q3 revenue | $14.58B+161% YoY |
|---|---|
| AI (Super Intelligence) revenue | $7.56B+830% YoY |
| Net income | $4.4Bvs ~$1.1B loss a year ago |
| Operating profit | $2.8Bvs $273M loss a year ago |
| Quarterly capex | $19.6Bin line with expectations |
| SPCX share price | $161.74+9.4% at 10:30 ET; AP later cited +11.2% [5] |
What happened
SpaceX (SPCX) stock rose about 9% to $161.74 on Wednesday after Q3 earnings showed revenue up 161% to $14.58 billion, driven by renting AI computing capacity to tech firms. Sales were $5.6 billion a year earlier, and analysts had expected about $12.7 billion. The AI business, largely rented to firms such as Anthropic and Google, brought in $7.56 billion, more than half of all sales. SpaceX also reported a $4.4 billion profit, after a loss a year earlier. Nvidia rose about 1.6% as well.
Why it matters
SpaceX's results suggest demand for AI computing power is still growing fast, which helped revive the AI trade, the bet that spending on AI data centers will pay off. The company also posted its first operating profit since going public in June, while spending $19.6 billion on equipment in a single quarter. Elon Musk said a merger with Tesla has merit, giving shareholders another storyline to follow.
Who this affects
- MarketbullishMedium impact
- Nasdaq and AI-linked stocks gain, helping tech investors.
- CompanybullishHigh impact
- SpaceX shareholders gain; first operating profit as a public company.
- CompetitorsmixedMedium impact
- Nvidia gains; AI cloud rival CoreWeave slips about 1%.
- IndustrybullishMedium impact
- AI data-center demand looks strong, supporting chip and server makers.
SpaceX vs Nvidia, CoreWeave, Tesla
How we got here
SpaceX goes public on Nasdaq in a June IPO.
SpaceX reports Q2 revenue of $7.8B.
SpaceX reports Q3 revenue of $14.58B and $4.4B profit after the close.
Shares jump about 9% as Musk says SpaceX–Tesla merger has merit.
What to watch
- Tesla's earnings report, expected late Wednesday, with merger talk likely in focus.2026-10-21
- Updates from the special committees SpaceX and Tesla formed to discuss a possible merger.Q4 2026
- Whether Anthropic, a SpaceX computing customer, files for an IPO as early as Friday (per).2026-10-23
Educational content only. Not investment advice.
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