Elon Musk Reclaims Trillionaire Status After Gaining $88 Billion On SpaceX, Tesla Jump
- On Tuesday, October 20, 2026, SpaceX reported third-quarter revenue of $14.58 billion, up 161% year-over-year, with net income reaching $4.4 billion after reversing a $1.1 billion loss.
- Elon Musk stated SpaceX expects annual recurring revenue of $500 billion to $1 trillion by the end of 2027, though run rate measures selling speed at a point in time rather than actual booked annual revenue.
- The Super Intelligence division brought in $7.6 billion, surpassing Connectivity at $5.2 billion, while Starlink added 1.6 million consumer subscribers to reach 13.6 million total.
- Chief financial officer Bret Johnsen guided fourth-quarter capital spending to $35 billion to $40 billion and projects total company revenues between $33 billion and $37 billion for first-quarter 2027.
- Later, Musk posted online, "As crazy as this sounds, $1T in SpaceX revenue in 2028 is no longer impossible," citing Grok as a key driver for superintelligence compute.
27 Articles
27 Articles
The Independent
The Independent (US)A SpaceX-Tesla megamerger could benefit both companies and Elon Musk's personal fortune
Stocks of Elon Musk's two biggest companies are rising Wednesday after he suggested a combination was in the works to form a trillion dollar colossus in possibly the biggest deal ever
Elon Musk: SpaceX annual recurring revenue by end of 2027 could be $500 billion-$1 trillion
SpaceX stock jumped Wednesday after the company reported surging revenue growth in its third quarter. Elon Musk said on the earnings call that the company's annual recurring revenue could be between $500 billion and $1 trillion by the end of 2027.
Elon Musk always points to the Moon, but with his latest proposal, his goal is even higher.
The title of SpaceX flies on the market this Wednesday following the announcements by Elon Musk concerning a possible rapprochement between the space group and Tesla. The quarterly results of the first one have also clearly exceeded the expectations of the marketThe ambitions of Elon Musk seem to be without limits. The billionaire has not only presented results above the market expectations for the company Space X, of which he is the main shareh…
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