$SpaceX(SPCX.US) reports earnings tomorrow, and Wall Street expects its revenue to jump about 63% in a single quarter

Analysts see third quarter revenue of about $12.74 billion and earnings of 14 cents a share, per LSEG data cited by Reuters. Last quarter SpaceX brought in $7.8 billion and posted a $541 million net loss

That would make it SpaceX's first profitable quarter as a public company, only four months after the June IPO

AI is doing the heavy lifting. SpaceX spent $15.8 billion on AI capex in Q2 alone, and Evercore ISI expects it to exit 2026 at an annualized revenue run rate of about $104 billion, with 2027 capex near $151 billion

Starlink is still the cash engine. Connectivity revenue rose 66% to $4.3 billion last quarter

The stock closed Monday at $147.96, up 1.3%. That's above the $135 IPO price but about 30% below its peak close of $211.39 in June

It also lands right after President Trump thanked Musk on Monday for pledging one SpaceX share to every American child through Trump Accounts

$Tesla(TSLA.US) reports Wednesday, so investors get a rare side by side look at Musk's two most valuable companies while merger talk keeps building

The EPS number is the easy part. A $15.8B quarterly AI spending bill needs a lot more than Starlink to pay for it, and tomorrow is the first real read on whether those compute contracts are actually turning into revenue

Source: StockMarket.News