NewsNewsDetails
SpaceX Surpasses TSMC with a Gain of Over 11% in Market Value: Financial Report Exceeds Expectations, Musk Says Merger with Tesla Is Still Under Study
The Block
1h ago
Ai Focus
SpaceX rose 11.18% to $164.308 per share, with a total market value of $2.23 trillion, surpassing TSMC. The company announced its financial results for the third quarter of fiscal year 2026, showing significant growth in revenue, gross profit, and net profit; Musk stated that SpaceX and Tesla have established a special committee to explore potential mergers, but no agreement on terms has been reached yet, so the merger is not certain.
Helpful
No.Help

After the opening of U.S. stocks tonight, the stock price of SpaceX rose by 11.18% to $164.308 per share, with a total market value of $2.23 trillion (Note from IT: The current exchange rate is approximately 14.92 trillion yuan), surpassing TSMC to become the sixth largest listed company in terms of total market value on the U.S. stock market (the top five are NVIDIA, Apple, AlphaBet, Microsoft, and Amazon).

IT noticed that SpaceX has released its report for the third quarter of the fiscal year 2026 (July to September 2026) of the 2026 fiscal year (January 2026 to December 2026) today:

  • Total operating revenue: $14.575 billion (Note from IT: The current exchange rate is approximately 97.56 billion RMB), a year-on-year increase of 161% and a month-on-month increase of 86.52%.
  • Gross profit: $9.097 billion (approximately 60.892 billion yuan at current exchange rates), a year-on-year increase of 216.86%
  • Gross profit margin: 62.42%, up 10.93 percentage points year-on-year
  • Net profit attributable to shareholders of the parent company: $4.404 billion (approximately 29.479 billion yuan at current exchange rates), compared with a net loss of $1.054 billion (approximately 7.055 billion yuan at current exchange rates) in the same period last year, turning from loss to profit year-on-year.

In addition, during the financial report conference call, Elon Musk stated that both SpaceX and Tesla have established special committees composed of independent directors to study the potential possibility of a merger between the two companies.

If the transaction ultimately goes through, it is expected to become the largest corporate merger in history. Musk stated that there are "many benefits" to the merger, especially in terms of jointly developing "super intelligent" software and advancing businesses such as artificial intelligence and autonomous driving, where there is tremendous potential for collaboration. However, he emphasized that the committees of both companies have not yet reached an agreement on the terms of the deal, so the merger is not certain at this time.

Tip
$0
Like
0
Save
0
Views 28
HKWDB reminds readers to view blockchain rationally, stay aware of risks, and beware of virtual token issuance and speculation. All content on this site represents market information or related viewpoints only and does not constitute any form of investment advice. If you find sensitive content, please click“Report”，and we will handle it promptly。
Submit
Comment 0
Hot
Latest
No comments yet. Be the first!
Related
$ KIMCHI reached a market capitalization high of $44 million after joining Kimchi and Pump.fun, but whether it can avoid the fate of past creator coins remains to be seen.
It is reported that due to the addition of trader Kimchi, who is said to have earned $40 million on $TRUMP, the token price of $KIMCHI soared rapidly, with a market value reaching approximately $44 million at one point, although the liquidity was only about $570,000. Pump.fun, one of the co-founders, stated that Kimchi would help the platform expand in creative directions, while critics questioned the risks of this type of personality-driven speculation.
SolanaFloor
·2026-10-21 23:44:48
8
Bitcoin rises to around $84,600, boosted by the SpaceX's third-quarter performance exceeding expectations
Bitcoin continued its upward trend after the opening of the U.S. stock market, briefly reaching $84,600, as the market reacted to the strong third-quarter performance of SpaceX. SpaceX reported third-quarter revenue of $14.6 billion, a 161% increase from the same period last year and nearly 15% higher than expectations; analysts Rekt Capital stated that Bitcoin still needs to close above $83,400 on a daily basis to retest its local high points.
Cointelegraph
·2026-10-21 23:44:46
9
How Ukrainian drone attacks have hit Russia, the world's second-largest diesel supplier
Ukraine launched a large-scale drone attack on Russia this week, targeting key oil infrastructure, claiming that it will prevent the Kremlin from increasing diesel exports. Analysts say that these attacks have significantly weakened Russia's diesel exports and also put at risk the arrangements between Trump and Putin to increase diesel supplies.
CNBC
·2026-10-21 23:44:45
7
Jensen Huang Berlin GTC Lecture Transcript: AI Factory, CUDA-X, Autonomous Driving, Physics AI and Multi-Point Release of Medical Agents
NVIDIA CEO Jensen Huang introduced multiple advancements in the 2026 Berlin GTC keynote speech, including the AI factory, the OpenShell security intelligence agent architecture, open-source models, Agent Knowledge Foundation, CUDA-X, communications, healthcare, autonomous driving, and robotics, among others. It was also mentioned that Europe is building its own AI economy.
The Block
·2026-10-21 23:34:05
13
Intel makes milestone progress in building its Ohio chip factory, but is at least 5 years behind schedule
Intel stated on Wednesday that the first major structural truss has been installed at its large chip manufacturing plant in New Albany, Ohio, marking the beginning of the next phase of construction. The plant was originally expected to begin production in 2025, but that target has now been postponed to 2030, while the second Ohio plant is planned to be completed in 2031.
CNBC
·2026-10-21 23:33:59
11
View More
Latest from Author
Refresh
arrow
Mechanical hand that can walk on fingertips has been developed
Mechanical hand that can walk on fingertips has been developed
09-29 14:14   391peopleViews
News reports that Apple's iPhone 18 Pro series sold nearly 1.3 million units in China within 7 days of its launch.
News reports that Apple's iPhone 18 Pro series sold nearly 1.3 million units in China within 7 days of its launch.
09-27 21:59   443peopleViews
News: Changan Automobile Establishes the AD Collaborative Development Department; Avita and Deep Blue Begin Substantive Integration
News: Changan Automobile Establishes the AD Collaborative Development Department; Avita and Deep Blue Begin Substantive Integration
09-27 21:59   423peopleViews
Recommended