SpaceX's Q3 2026 Report on Oct. 20: What Is Already on the Record

SpaceX has said when the third-quarter report lands. It has not published the quarter’s revenue, profit, cash, subscribers, or capex. This page stops at the schedule, the prior quarter’s release, and the forecasts outlets printed before the report. The results page is a later job. Queue item 63 stays open for that release.

This page is the receipt. It sits on the SpaceX hub. The June listing is the IPO. Tesla reports the next day: Tesla’s Q3 page.

Earnings week

SpaceX is Tuesday. Tesla is Wednesday. Both are after the close. Tesla’s pre-report page is the other half of the week. A results date is not a result, and it is not a combination. Merger talk is the record of that argument. The December 3 ballot is the proxy.

What the October 16 release schedules

SpaceX’s investor-relations release, dated October 16, 2026, says the company will post financial and operational results for the third quarter of 2026 after market close on Tuesday, October 20, 2026. Management will host a live audio-only webcast at 3:30 p.m. CT / 4:30 p.m. ET the same day. The release says the webcast and replay will be at ir.spacex.com, that participants can pre-register, and that investors can submit questions ahead of the webcast on the company’s Q&A platform. It says the event will be livestreamed on X @SpaceX.

The boilerplate calls SpaceX the company building infrastructure “across space, connectivity, and Super Intelligence.” Label: Boilerplate in a scheduling release. It is not a results table, and it is not the SpaceXAI-to-SpaceXSI posts.

The Q3 2026 events page lists October 20, 2026, 3:30 p.m. CT. It does not repeat the audio-only format, the Eastern time, the replay, the pre-registration line, or the X livestream. Those sentences are the release’s.

Label: A schedule. Nothing on this page is a third-quarter revenue figure, a margin, or an earnings-per-share number from the October 20 report, because that report is not out.

What the second-quarter release already printed

The prior quarter is the second-quarter results release, the PDF on SpaceX’s investor site for the quarter ended June 30, 2026. A footnote on the compute line says this version corrects a typographical error in the version furnished to the SEC. The figures below are this PDF.

The headline lines, “as compared to the prior year quarter”:

• Revenues of $7.8 billion, up 92% from $4.1 billion.
• Net loss of $541 million, an improvement of $467 million from a net loss of $1.0 billion.
• Adjusted EBITDA of $3.5 billion, up 191% from $1.2 billion.

The unaudited statement of operations prints revenue of $7,814 million and a net loss of $(541) million. Basic and diluted net loss per share is $(0.09). The reconciliation prints Adjusted EBITDA of $3,538 million. Adjusted EBITDA is the release’s non-GAAP measure. The note says it is not a substitute for net loss.

The segment table for the three months ended June 30, 2026:

The connectivity highlights round that revenue to $4.3 billion and say it was up 66% year over year. The AI highlights round that revenue to $2.6 billion. Starlink subscribers, “as of period end,” are 12.0 million, up from 10.3 million at March 31, 2026, and from 6.0 million a year earlier. The same row prints Starlink ARPU of $66.

The release’s selected cash-flow table is for the six months ended June 30, not for the quarter alone. Operating cash flow is $3,466 million. Investing cash flow is $(34,487) million. It does not print a quarterly free-cash-flow line. This page does not compute one.

The CFO commentary says the company ended the quarter with $100 billion of cash, cash equivalents, and marketable securities, and $47.5 billion in backlog. Label: The commentary. The balance sheet’s cash and marketable-securities lines are the finer print. This page uses the commentary’s round number.

On Starship, the release says Flight 12, in May, was Starship V3’s first suborbital mission, and that Flight 13, in July, subsequent to the quarter, deployed 20 production V3 satellites. Label: The company’s account of those flights. It is not a schedule for the next one.

The same release says that on June 15, 2026, SpaceX closed the initial public offering of an aggregate 638,888,888 shares of Class A common stock, “bringing net proceeds of approximately $85.7 billion.” It says the shares began trading on June 12, 2026, under SPCX. Label: This release. The prospectus cover table, $74,999,999,925 for 555,555,555 shares, is the base deal, and the option for 83,333,333 shares is stated there as an option. Those figures are on the IPO page. 555,555,555 plus 83,333,333 is 638,888,888. The $85.7 billion sentence is the later release’s description of net proceeds. It is not the prospectus cover total.

The release also says the company announced an agreement to acquire Cursor for $60 billion and expected to close that deal in the third quarter of 2026. Label: The Q2 release’s expectation. It is not a statement that the deal has closed.

Forecasts, and where they differ

These rows are expectations published before the report. They are not SpaceX’s revenue or earnings.

Reuters (Akash Sriram, October 19, 2026; carried by Investing.com Canada) says SpaceX reports Tuesday and Tesla on Wednesday, after the close. Citing data compiled by LSEG, it says SpaceX is expected to report third-quarter revenue of about $12.74 billion and earnings of 14 cents a share. It compares that with second-quarter revenue of $7.8 billion, a net loss of $541 million, and AI capital spending of $15.8 billion. Those three comparison figures match the Q2 release’s rounded headline revenue, the net-loss line, and the AI capex line rounded from $15,828 million. Reuters also says connectivity revenue, which includes Starlink, rose 66% to $4.3 billion in the second quarter. That matches the Q2 highlights. Reuters says Evercore ISI expects SpaceX to exit 2026 at an annualized revenue run-rate of about $104 billion, with the AI segment doing “most of the heavy lifting,” and estimates capital spending of about $151 billion in 2027. Label: Evercore, as Reuters states it. A run-rate is not a reported quarter.

Reuters also says SpaceX agreed on October 8 to buy 800 MHz of spectrum from Grain Management for about $8 billion, a deal that needs FCC approval. Label: Reuters. This desk did not open the agreement. It is not in the October 16 schedule.

Pepperstone (Chris Weston, October 19, 2026) attributes a different set of figures to Bloomberg consensus: revenue of $12.89 billion, adjusted EPS of $0.149, and EBITDA of $6.62 billion. The same note says Bloomberg consensus expects third-quarter capex of $19.61 billion, up from $18.37 billion in the second quarter, and free cash flow of negative $11.6 billion. Later in the note, “consensus” expects about $6.4 billion of AI revenue, about $4.9 billion of connectivity revenue, and 14.3 million consumer subscribers. The $18.37 billion is that note’s rounding of the Q2 release’s $18,369 million total capex. Pepperstone’s subscriber line says “consumer subscribers.” The Q2 release’s 12.0 million line says “Starlink Subscribers.” This page does not treat those as the same series.

Teslarati (the page is dated October 18, 2026) cites Pepperstone’s Bloomberg consensus: revenue of $12.89 billion, adjusted EBITDA of $6.62 billion, and adjusted EPS near $0.15. It says that would be about 65% growth from the second quarter and SpaceX’s first profitable quarter since the IPO. Label: Teslarati’s characterization of a forecast. The Q2 release prints a GAAP net loss. An adjusted earnings-per-share forecast is not that line, and it is not a result. Teslarati also prints roughly $6.4 billion from AI, $4.9 billion from Starlink, 14.3 million consumer subscribers, capital spending of $19.6 billion, and free cash flow near negative $11.6 billion. The $19.6 billion is Teslarati’s rounding of Pepperstone’s $19.61 billion.

Label: Three forecasts. Do not average $12.74 billion and $12.89 billion into one “the” estimate. Do not treat 14 cents, $0.149, and “near $0.15” as one print. Reuters’ 14 cents is LSEG “earnings.” Pepperstone’s $0.149 is “adjusted EPS.”

Both Reuters and Pepperstone say the shares closed at $146.03 on Friday, and Reuters says that close was above the $135 IPO price. Label: Those two accounts of Friday’s close. This desk did not pull a tape.

Teslarati still prints a Barclays timeline aimed at a December 6 annual meeting. Tesla’s October 19 proxy sets the meeting for December 3. The bank note remains an analyst view, on the merger-talk page. Teslarati also reports that Mr. Musk said in July that combining companies cannot be discussed on an earnings call, and that an investor question about a merger is on SpaceX’s Q&A platform. Label: Teslarati. This desk did not open the July call or the Q&A platform.

What to look for on October 20

Questions for the update. Not predictions.

1. How the release splits AI compute revenue from Starlink and the rest of connectivity, against the second quarter’s $2,561 million of AI revenue and $4,291 million of connectivity revenue.
2. What it reports for capex, against $18,369 million total and $15,828 million in the AI segment in the second quarter.
3. What it reports for free cash flow. The second-quarter release’s cash-flow table is six months, and it does not print a quarterly free-cash-flow line. A forecast of a negative figure is still a forecast.
4. What Starlink subscriber count it prints, against 12.0 million at June 30, 2026, and whether it uses the same definition as that line.
5. What, if anything, it says about Starship after the second-quarter release’s account of Flights 12 and 13.
6. Whether it says the Cursor agreement has closed. The second-quarter release expected that $60 billion deal to close in the third quarter. An expectation is not a closing announcement.

On the map

The company is SpaceX. The listing record is the IPO. The October 19 pledge is one share for every kid. The combination that has been announced is xAI joining SpaceX, not a Tesla deal. The open argument is merger talk. Tesla’s own pre-report page, for October 21, is the Q3 page. The financial results of either company are not out.

Sources

Checked October 19, 2026.

The Form 10-Q is named in the Q2 release. This desk did not open it, so no figure on this page is taken from the 10-Q. Queue item 63 stays open for the October 20 results.