SpaceX delivered a blowout quarter on Tuesday — and used the moment to confirm one of the most audacious corporate combinations ever discussed. The company reported third-quarter revenue of $14.58 billion, up 161% year over year and well above the roughly $12.7 billion consensus estimate. Net income hit about $4.4 billion, a swing from a $1.1 billion loss a year earlier and its first solidly profitable quarter since its June 2026 IPO.
The surprise engine of growth is the newly branded “Super Intelligence” AI division, which generated roughly $7.6 billion in revenue — up about 830% year over year — overtaking Starlink as the company’s largest segment for the first time. Starlink remains a major business with about 13.6 million subscribers, though average revenue per user is falling as the service expands globally.
Then came the bombshell. On the earnings call, Elon Musk said a merger with Tesla “would be a good idea” and confirmed both companies have formed special committees of independent directors to explore a combination reportedly worth about $3.5 trillion. Musk recused himself from those talks due to conflict of interest. Shareholder approval — including a 50% vote of all Tesla shares — would be required, with Tesla’s shareholder meeting set for December 3, 2026.
Investors loved it: SpaceX shares jumped 8–10% in premarket trading on Wednesday. One fun detail from the filings: SpaceX holds 18,712 Bitcoin versus Tesla’s 11,509 — a combined company would hold 30,221 BTC. Read about Stephen Hubbard’s release and OpenAI’s Google Cloud deal.
Bhudev Bhagaliya is an experienced and senior journalist who has carved a distinct niche for himself in the world of Hindi journalism through his profound understanding and precise writing style. With over two decades of experience in the field of journalism, he has held key responsibilities at Dainik Hindustan for 12 years and at Amar Ujala for one year. Currently, he serves as the Content Editor for the Jagrook Youth News newspaper and portal, where he plays a crucial role in ensuring the quality and credibility of the news content. Bhudev Bhagaliya consistently writes about issues that help raise awareness within society and among the younger generation.