# SpaceX Prepares for Q3 Earnings Report as Options Signal 7.5% Stock Move

- URL: https://stocks.freetheai.org/news/spacex-prepares-for-q3-earnings-report-as-options-signal-7-5-stock-move-9aa4f7
- Published: 2026-10-20T05:27:21Z
- Category: earnings; sentiment: mixed; impact: high
- Symbols: [NASDAQ:SPCX](https://stocks.freetheai.org/symbols/NASDAQ-SPCX)
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
- How write-ups are made: https://stocks.freetheai.org/how-we-write
- Not financial advice: https://stocks.freetheai.org/disclaimer

Space Exploration Technologies Corp (NASDAQ:SPCX) is set to report third-quarter financial results today after U.S. markets close, followed by a webcast at 4:30 p.m. ET. Wall Street expects earnings of 13 cents per share on $12.8 billion in revenue. Ahead of the report, shares gained 1.3% on Monday to $147.96, trading 9.6% above June's $135 initial public offering price.

Options traders expect a post-earnings swing of roughly 7.5% or $11 per share by the end of the week. Investors are evaluating whether massive investments in artificial intelligence are generating adequate financial returns. In the second quarter, capital expenditure totaled $18.4 billion—including $15.8 billion for AI—against $7.8 billion in total revenue. Although AI revenue reached $2.6 billion, the segment reported a $1.3 billion operating loss. In contrast, the Starlink unit remained profitable, generating $1.7 billion in operating income on $4.3 billion in revenue with 12 million subscribers.

Key metrics to watch include updated cash reserves, which totaled $100 billion at the end of June, along with AI revenue conversion and Starlink margins. Chief Executive Elon Musk also pledged Monday to give one share of his personal stock to every U.S. child next year, an initiative that would involve 73 million children and exceed $10 billion in value based on recent prices.

## Key points

- Space Exploration Technologies Corp (NASDAQ:SPCX) reports Q3 results after today's close, with estimates pointing to 13 cents per share on $12.8 billion in revenue.
- Options pricing implies a stock move of approximately 7.5% or $11 per share by the end of the week.
- The company ended June with $100 billion in cash, cash equivalents, and marketable securities.
- Starlink generated $4.3 billion in Q2 revenue and $1.7 billion in operating profit with 12 million subscribers.
- Chief Executive Elon Musk pledged to give one of his shares to every child in America, representing over $10 billion in total value.

## Questions and answers

### What are Wall Street's expectations for SpaceX's Q3 earnings?

Wall Street estimates expect Space Exploration Technologies Corp (NASDAQ:SPCX) to post earnings of 13 cents per share on $12.8 billion in revenue for the third quarter.

### How much stock volatility are options traders expecting after earnings?

Options pricing implies a stock movement of approximately 7.5% in either direction by the end of the week, which translates to about $11 per share based on Monday's closing price.

### How did SpaceX's business units perform in the second quarter?

In Q2, Starlink generated $4.3 billion in revenue and $1.7 billion in operating profit with 12 million subscribers. The AI division brought in $2.6 billion in revenue but recorded a $1.3 billion operating loss.