Elon Musk’s ambitious revenue outlook and growing artificial intelligence business have put SpaceX shares in focus. The company’s latest earnings have added to investor interest, while speculation over a potential Tesla merger has emerged as another catalyst. (Sources: Stocktwits, MarketWatch, CNBC)
SpaceX reported third-quarter revenue of $14.58 billion, up 161% year-on-year, while net income reached $4.4 billion. Revenue exceeded market expectations, marking a sharp improvement from the year-earlier loss and highlighting the company’s expanding business beyond rocket launches.
SpaceX’s artificial intelligence computing business generated $7.6 billion in third-quarter revenue, surpassing its connectivity business in revenue. Demand for computing capacity and cloud-service agreements has become a key driver of growth, although scaling the infrastructure requires substantial investment.
Tesla and SpaceX have established special committees to examine a potential merger, according to reports. A combination could create links across AI, computing, robotics and satellite technology, but no deal has been finalised, and any transaction would face shareholder approval requirements.