Elon Musk’s SpaceX Reports $4.4 Billion Profit as Tesla Merger Talks Draw Attention

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Published: October 21, 2026
Category: USA News, Technology, Business

SpaceX Reports Strong Quarterly Results

Elon Musk’s space company, SpaceX, is attracting attention after reporting a significant profit for the third quarter of 2026. According to the Associated Press, the company recorded approximately $4.4 billion in profit on revenue of $14.6 billion for the three months ending in September.

The results highlight the growing importance of satellite communications and artificial intelligence in the company's business strategy.

SpaceX has become one of the most closely watched private companies in the United States, with operations spanning rocket launches, satellite internet, and advanced space technology.

Source: Associated Press — SpaceX Reports a Profit and Musk Hints at a Possible Tesla Merger

Artificial Intelligence Becomes a Major Business Driver

Artificial intelligence is becoming an increasingly important part of SpaceX's business. The company's AI operations reportedly generated more revenue than any other individual business segment during the third quarter.

Meanwhile, Starlink, its satellite internet service, remained the company's largest profit generator.

Starlink uses satellites to provide internet connectivity, including in locations where traditional broadband infrastructure can be difficult to deploy.

The combination of AI, satellite communications, and rocket technology gives SpaceX several potential sources of future growth.

Could SpaceX and Tesla Eventually Merge?

Another development attracting attention is the possibility of a future merger between SpaceX and Tesla.

According to the Associated Press, Musk said that independent committees at both companies were expl