SpaceX posted $4.404 billion in third-quarter net income, its first profit since a June IPO, as revenue more than doubled year over year and shares climbed about 8% Wednesday.
Revenue for the quarter ended Sept. 30 reached $14.575 billion, up 161% from a year earlier. Diluted earnings per share were 35 cents. SpaceX had recorded a $1.054 billion net loss in the comparable quarter of 2025.
The result also reversed a $541 million loss in the three months ended June 30. SpaceX made its Nasdaq debut June 12, and its August earnings report covered the second quarter. The latest release was its second quarterly report as a public company, but the first to show a quarterly profit.
Operating income was $2.791 billion. The results also listed $1.025 billion in other income and $873 million in interest income, along with a $390 million income-tax benefit.
Shares rose about 8% on Wednesday, Oct. 21, following the results. That was a separate session from the immediate after-hours response to the earnings release, which EconoTimes previously covered in its report on SpaceX’s post-results trading.
At an Oct. 20 earnings webcast, CEO Elon Musk said shareholders had asked SpaceX and Tesla to examine a possible merger, prompting each company’s independent-director committee to review the idea. He said the committees had not agreed on terms and a conflict kept him out of their discussions. Musk said calling a merger certain would be “overstating it.” He also said a Tesla deal would need support from holders of at least 50% of its outstanding shares, as EconoTimes previously reported in its coverage of the merger discussions.
