SpaceX’s biggest earnings test yet lands Tuesday, and Tesla shareholders should be watching
AI-summarised brief · reviewed before publication
SpaceX will release its third‑quarter results after market close on Tuesday, streaming a webcast at 4:30 p.m. ET. Bloomberg consensus expects revenue of $12.89 billion, adjusted EBITDA of $6.62 billion and adjusted EPS around $0.15, marking roughly 65 % growth from Q2 and the company’s first profitable quarter since its IPO. Analysts project $6.4 billion from AI services and $4.9 billion from Starlink, which is forecast to reach 14.3 million consumer subscribers. Capital spending is slated at $19.6 billion, leaving free cash flow near a negative $11.6 billion. Recent milestones include a Starship flight delivering 26 V3 satellites, an $8 billion spectrum purchase for Starlink Mobile, and a $13 billion‑per‑year compute‑hosting contract. The results will shape expectations for SpaceX’s target of over 2 GW of compute and a $100 billion annualized revenue run rate, and could set the conversion price for any potential SpaceX‑Tesla merger.
💡 Why It Matters
- · Investors will gauge whether SpaceX’s soaring AI and satellite ambitions can fund its massive capex while delivering a viable exchange rate for Tesla shareholders in a looming merger.
