Elon Musk's SpaceX Reports a Profit
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Elon Musk says Space Exploration Technologies could operate at $1 trillion revenue run rate by December 2027.
SpaceX's $40 billion debt raise is being finalized at sharply higher interest rates than when the rocket company last tapped bondholders, a sign of growing jitters in the AI world
Space Exploration Technologies is on a tear Wednesday after its latest quarterly earnings report. It's only the beginning of a rally that could catapult the stock to more than triple its current value,
SpaceX’s rapid AI expansion comes with an enormous bill. Funding concerns and fresh complications in its Tesla merger talks are weighing on shares.
SpaceX plans to spend another $35 billion to $40 billion on physical projects in the fourth quarter, CFO Bret Johnsen said. That major chunk of change, Johnsen noted, is driven by SpaceX's plans to increase the amount of artificial-intelligence computing power it can provide.
That would be the Starship vehicle, and during the earnings call, SpaceX founder Elon Musk and the company’s president and chief operating officer, Gwynne Shotwell, provided new performance targets for the vehicle.
CEO Elon Musk's companies could be on the verge of the biggest merger in history.
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Why not combine SpaceX and Tesla?
Elon Musk's potential merger of SpaceX and Tesla could lead to a significant financial windfall for him. But is this move truly beneficial? The answer remains uncertain.
Elon Musk’s reported rush to merge Tesla ( TSLA) and SpaceX ( SPCX) before the end of President Donald Trump’s term sent both stocks down overnight, contrasting sharply with ARK Investment Management's forecast that a deal would leave Tesla investors five times richer by 2036.
SpaceX (Ticker: SPCX) announced its financial results for the third quarter of 2026. The most notable point in this earnings report is the fact that the company's business structure is dramatically sh