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SPCXBullishEarningsnews
High materiality7/10

SpaceX Q3 results in focus as Starlink momentum and Cursor deal shape outlook

Oct 19, 2026, 12:16 PM EDT2 sourcesAI-analyzed
Why it may matterVerify against the original reporting

Positive earnings trajectory, Starlink growth, and large cloud/ Cursor deals provide revenue visibility; optional merger chatter with TSLA could lift sentiment.

AI summary

What happened, with direct paths to the underlying reporting

SpaceX is set to report Q3 results after the close on Oct 20, with revenue consensus at $12.74B and 14-cent EPS. The Q2 performance highlighted strong connectivity growth, including Starlink subscriber doubling and $14.1B in contracted cloud sales, alongside a $60B Cursor deal and the Grok 4.5 AI model. RBC remains constructive, while chatter of a SpaceX-Tesla merger adds optionality for SPCX investors.

  • SpaceX Q3 report due Oct 20 after market close; consensus revenue $12.74B, EPS $0.14.
  • Q2 revenue $7.8B, up from $4.1B; net loss $541M, down from $1.0B; Adj EBITDA $3.5B.
  • Connectivity revenue up 66%; Starlink subs doubled; $14.1B contracted cloud sales; $60B Cursor deal; Grok 4.5 launched.
  • RBC reiterates Outperform with $225 PT; merger chatter with Tesla adds optionality.
  • SPCX shares rose ~2.9% to $150.29 ahead of results.

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