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SpaceX and Tesla Earnings to Test Musk AI Spending Amid Merger Buzz
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CNBC TV18•19-10-2026, 17:00
SpaceX and Tesla Earnings to Test Musk AI Spending Amid Merger Buzz
- •SpaceX and Tesla are set to report third-quarter financial results on consecutive days, providing investors with a close look at Elon Musk's two most valuable companies amid rising merger speculation.
- •Investors are closely watching whether Starlink growth and Tesla automotive profits can adequately fund the heavy AI spending driving the current debate over a potential merger.
- •Barclays estimates that in an all-stock deal, SpaceX would likely be the acquirer, leaving Musk with about 37 percent of the equity and 56 percent of the voting power.
- •Tesla recently unveiled a new Roadster sports car utilizing SpaceX rocket technology, fueling further speculation about engineering integration between the two companies ahead of the December annual meeting.
- •SpaceX expects robust quarterly revenue driven largely by its AI segment and Starlink connectivity, while Tesla navigates high capital spending, robotaxi ambitions, and vehicle delivery metrics.
Key Questions Answered
Barclays estimates that in an all-stock deal, Elon Musk would hold roughly 37% of the equity and 56% of the votes.
Tesla announced its annual meeting will take place on December 3. Ahead of this meeting, the company showcased a new Roadster sports car slated for 2028 production that utilizes rocket technology at a Texas SpaceX test site.
SpaceX is expected to report third-quarter revenue of roughly $12.74 billion and earnings of 14 cents per share. Evercore ISI estimates its capital spending will reach about $151 billion in 2027, with the AI segment driving most of its revenue growth.
