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SpaceX Earnings Blow Past Wall Street Estimates

Bloomberg Technology Tuesday 20 October 2026, 20:40 UTC 1 min read
Key Points

Oct 20th, 2026 SpaceX Earnings Blow Past Wall Street Estimates SpaceX is blowing past all Wall Street expectations in its second earnings report as a public company. Elon Musk's company posted its first quarterly profit — $4.4 billion, or 35 cents a share, more than double estimates — while spending nearly $20 billion on capex. Ross Gerber of Gerber Kawasaki Wealth and Investment Management, is a shareholder.

Oct 20th, 2026 SpaceX Earnings Blow Past Wall Street Estimates SpaceX is blowing past all Wall Street expectations in its second earnings report as a public company. Elon Musk's company posted its first quarterly profit — $4.4 billion, or 35 cents a share, more than double estimates — while spending nearly $20 billion on capex. Ross Gerber of Gerber Kawasaki Wealth and Investment Management, is a shareholder. He says SpaceX should just buy Tesla now.
SpaceX (ORG) Elon Musk's (PERSON) Ross Gerber (PERSON) Gerber Kawasaki Wealth and Investment Management (ORG) Tesla (ORG)
Originally published by Bloomberg Technology Read original →

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