Stocks
October 22, 2026
Meta Class C Shares Give Zuckerberg Fresh Funding Without Losing Control
- Tesla and SpaceX are exploring a potential merger, with special committees formed to review the proposal
- SpaceX Q3 earnings reached $14.58 billion in revenue and $4.4 billion in net income, while its AI business contributed $7.56 billion in revenue
- Tesla stock and SpaceX stock gained in after-hours trading following the earnings report and merger comments from Elon Musk, but the proposed deal remains unconfirmed
The Tesla and SpaceX merger talks are once again gaining central spotlight. The CEO of both the companies, Elon Musk, recently shared how the firms are in the process of potentially exploring a merger. Both the companies have also formed a special committee to review the proposal. This announcement has arrived during the SpaceX Q3 earnings call, where SpaceX reported an increase in its revenue and profits.
SpaceX Q3 Earnings Beat Estimates
The SpaceX stock earnings report has ended up beating Wall Street estimates in a grand manner. The company reported $14.58B in revenue, up 161% YoY. SpaceX further reported $4.4B in net income, compared with a $1.1B loss in the same quarter last year. The company’s AI business generated nearly $7.56B in revenue, which contributed largely to its latest earnings results.
The stock has risen 8% soon after the earnings report was made live in after-hours trading. At the same time, Tesla stock also rose 1.8% in after-hours trading, reflecting the same momentum.
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Is the Tesla and SpaceX Merger Confirmed?
Elon Musk has made a new announcement about a potential Tesla and SpaceX merger. He shared how both the companies have formed special committees to review the proposal; however, the merger has not been confirmed as of yet. Sharing additional details, Musk stated how he thinks that this merger is a great idea, but at the end of the day, the shareholders will have to agree to the development for the merger to be finalized.
“Do I think it would be a good idea? Yes, but at the end of the day, the shareholders have to be supportive of this,” Musk said.
He later shared how he thinks there is a lot of “merit” in combining the companies, favoring the Tesla and SpaceX merger narrative.
For now the merger remains a proposal rather than a confirmed transaction.
What’s Ahead For SpaceX Stock?
According to TipRanks, SpaceX stock has a highest analyst price target of $450 over the next 12 months. The platform’s forecast shows an average price target of $217.50, followed by a low estimate of $75.
“The average price target for SpaceX is 217.50. This is based on 35 Wall Street analysts’ 12-month price targets, issued in the past 3 months. The highest analyst price target is $450.00, and the lowest forecast is $75.00. The average price target represents a 47.17% increase from the current price of $147.79.”
MarketCapOf data shows that SpaceX stock has declined by approximately 9% in 2026, while Tesla stock has fallen by around 14% over the same period, from January 1 to October 21.
The comparison highlights how both companies’ shares have faced pressure despite their growing focus on AI and other emerging technologies. As Tesla and SpaceX explore a potential merger, investors will be watching whether the proposed deal and their latest business developments can improve market sentiment.
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