Musk confirms Tesla and SpaceX formed special committees to discuss merger: Live updates
·2 min read
Compiled by KHAO Editorial
— aggregated from 8 sources.
See llms.txt for citation guidance.
✓ KHAO Verified
SpaceX shares climbed about 8% in extended trading on Tuesday after the company reported 161% revenue growth for the third quarter, beating Wall Street estimates, with its artificial intelligence business growing ninefold.
Key facts
CFO Bret Johnsen said on the call that revenue in the first quarter of 2027 will be $33 billion to $37 billion, trouncing the average $22.2 billion average analyst estimate, according to LSEG
Total connectivity revenue jumped 69% to $5.25 billion from $3.1 billion a year earlier
The AI business swung to a profit of $431 million, while the space division lost $7 million
SpaceX said in a release that it recorded operating income of $2.8 billion and net income of $4.4 billion
Summary
On the earnings call, CEO Elon Musk said a merger with Tesla, his automaker, would be a "good idea," adding that the boards of both companies have formed special committees to discuss a tie-up. SpaceX said in a release that it recorded operating income of $2.8 billion and net income of $4.4 billion. CFO Bret Johnsen said on the call that revenue in the first quarter of 2027 will be $33 billion to $37 billion, trouncing the average $22.2 billion average analyst estimate, according to LSEG. While SpaceX is best known for its reusable rockets, most of its revenue and profit in recent quarters came from the company's connectivity segment, which consists of its Starlink satellite internet service.