Q3 2026 revenue was $14.58 billion, up 161% year-over-year and above estimates of about $13 billion, and AI revenue was $7.56 billion, about half of the total. Net income was $4.40 billion, its first profit since the IPO, but it exceeded operating income of $2.8 billion, so part came from outside core operations.
SpaceX signed a $40 billion lease with Apollo to fund Nvidia chips and plans to invest more than $74 billion in two supercomputing campuses, at Starbase in Texas and in Cochise County, Arizona, both facing local hearings on 9 Dec.
SpaceX and Tesla are advancing merger talks, and Bloomberg reports a deal could be announced as early as Dec, though timing could slip into 2027. SpaceX's market value is about $1.9 trillion and Tesla's about $1.55 trillion.
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