SpaceXSI 10-Q just dropped
Tesla x SpaceX merger talks are official on both sides
SpaceX's board has formed a special committee to evaluate a potential combination with Tesla. Tesla's board has formed one too. No decision yet. A deal would need SpaceX's committee, board and controlling shareholder to approve.
SpaceXSI Q3 2026 highlights:
Revenue $14.58B, up from $5.58B a year ago
Net income $4.40B, vs a $1.05B loss
AI segment revenue $7.56B, now the largest segment - Connectivity $5.25B, Space $1.77B
Starlink 13.6M consumer subscribers, up from 7.2M
AI compute 1.7 GW, up from 0.6 GW
33 Falcon launches and 2 Starship launches
Cash and securities about $89.9B, debt $38B
Capex $48B in the first nine months
Bought $151M of Tesla Megapacks in Q3
$561M unrealized gain on its Boring Company stake