SpaceX Swings From $1.1 Billion Loss to $4.4 Billion Profit as AI Revenue Explodes
SpaceX posted a $5.5 billion year-over-year earnings swing as its Super Intelligence unit turned profitable and Starlink reached 13.6 million subscribers.
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SpaceX posted a $5.5 billion year-over-year earnings swing as its Super Intelligence unit turned profitable and Starlink reached 13.6 million subscribers.
Tesla generated $1.53 billion in Q3 free cash flow instead of the expected multibillion-dollar burn, but profit fell and its 2026 spending plan was cut.
SpaceX shares have surrendered nearly half their post-IPO peak while Tesla dropped more than 18% in a week. Both companies now face the same test.
Tesla shares just suffered their steepest one-day fall in more than a year. The Q2 filing shows why Wall Street flinched and where Tesla plans to put more than $25 billion.
Tesla's company-compiled analyst estimates point to stronger Q2 revenue, operating income and earnings, alongside $6.7 billion in capital spending and negative free cash flow.
SpaceX just earned a first-time Baa1 issuer rating from Moody's while Tesla stayed at Baa3, and Elon Musk pushed back fast, pointing to Tesla's $40 billion-plus in cash, no debt, and steady profits.