Overview
- SpaceX reported a third-quarter revenue jump to about $14.6 billion and net income of $4.4 billion on Tuesday driven largely by roughly $7.56–7.6 billion in AI and data‑center revenue from leasing compute to other developers.
- Elon Musk confirmed during the results call that independent special committees at both companies are examining a potential merger and that he is recused from those committee discussions because of conflicts of interest.
- Starlink reached roughly 13.6 million subscribers by the end of the quarter even as average revenue per user fell to about $69 a month as the unit expands with lower‑price packages.
- The companies’ joint chip effort TeraFab is slated to produce a first test chip in May–June 2027 with a target for mass production by Q3 2028, a timetable investors see as a near‑term integration catalyst.
- Any transaction would require shareholder approval and would face governance and regulatory review, and analysts including Barclays have flagged the possibility of an announcement before Tesla’s December annual meeting.