SpaceX Gains on Musk's Astronomical ARR Guidance -- Market Talk
Dow Jones2026/10/20 22:031803 ET - SpaceX CEO Elon Musk offers an astronomical prediction of the company's annual recurring revenue by the end of next year: $500 billion to $1 trillion. Musk's remarks, on SpaceX's second-ever earnings call, come after the company swung to a profit in the third quarter, with revenue up 161% to $14.6 billion, mostly on the back of the company's AI business and compute deals. SpaceX CFO Bret Johnsen added that the company is on track to deliver $100 billion in annual recurring revenue by the end of this year. Shares of SpaceX gain 5% to $155.55 after-hours. (elias.schisgall@wsj.com)
(END) Dow Jones Newswires
October 20, 2026 18:03 ET (22:03 GMT)
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