Tesla earnings preview and Musk's SpaceX share giveaway to U.S. children

Tesla earnings preview and Musk's SpaceX share giveaway to U.S. children

According to CNBC, Tesla announced it would report its third-quarter 2026 earnings, with analysts expecting $0. 43 per share on $27. 9 billion revenue, and CEO Elon Musk suggested a potential merger with SpaceX. Earlier, Business Insider reported that Musk pledged to give one SpaceX share to every child in the United States, a giveaway valued at roughly $10. 5 billion. CNBC later said Musk proposed placing those shares in Trump Accounts, which are subject to Treasury rules limiting early sales.

CNBC also noted that SpaceX shares hovered around $148 as investors weighed AI revenue growth, Starship testing and lockup-related volatility ahead of the quarter’s earnings. ABC News reported that SpaceX posted a 161% year-over-year revenue increase, turning a $1. 05 billion loss into a $4. 40 billion profit, driven by its AI unit and Starlink service. Finally, CNBC quoted Altimeter Capital chief Brad Gerstner saying the giveaway could spark a $100 billion philanthropic drive through Trump Accounts.

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October 21, 2026
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Tesla to Report Q3 2026 Earnings Amid Speculation of SpaceX Tie-Up
Tesla to Report Q3 2026 Earnings Amid Speculation of SpaceX Tie-Up

CNBC • 21 Oct 16:00

Tesla is set to release its third-quarter 2026 results, with analysts expecting earnings of $0.43 per share on $27.9 billion revenue, while CEO Elon Musk hints at a possible merger with SpaceX.

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Altimeter Capital CEO says Musk's SpaceX share giveaway could spark $100 billion philanthropic drive via Trump Accounts
Altimeter Capital CEO says Musk's SpaceX share giveaway could spark $100 billion philanthropic drive via Trump Accounts

CNBC • 21 Oct 15:58

Altimeter Capital chief Brad Gerstner told CNBC that Elon Musk's plan to give SpaceX shares to U.S. children may be the start of a larger effort to raise $100 billion for youth investment accounts.

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October 20, 2026
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SpaceX reports 161% revenue jump, AI unit overtakes Starlink as top source
SpaceX reports 161% revenue jump, AI unit overtakes Starlink as top source

New York Post • 20 Oct 22:42

SpaceX posted third-quarter revenue of $14.58 billion, driven by its AI division, and its shares rose 4% in after-hours trading while discussions of a possible merger with Tesla continue.

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SpaceX reports 161% revenue jump as AI and Starlink drive profit
SpaceX reports 161% revenue jump as AI and Starlink drive profit

ABC News - Breaking News, Latest News and Videos • 20 Oct 21:44

SpaceX posted a 161% year-over-year revenue increase for the quarter ending September, turning a $1.05 billion loss into a $4.40 billion profit, boosted by its AI unit and Starlink service.

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Elon Musk proposes SpaceX share giveaway to children via Trump Accounts amid new Treasury rules
Elon Musk proposes SpaceX share giveaway to children via Trump Accounts amid new Treasury rules

CNBC • 20 Oct 17:10

Elon Musk announced a plan to give every U.S. child a share of SpaceX, which could be placed in Trump Accounts that are subject to Treasury regulations restricting early sales.

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SpaceX shares fluctuate ahead of Q3 2026 earnings as AI and Starship developments draw investor focus
SpaceX shares fluctuate ahead of Q3 2026 earnings as AI and Starship developments draw investor focus

CNBC • 20 Oct 16:10

SpaceX's stock hovered around $148 as analysts weighed AI revenue growth, Starship testing and recent lockup-related volatility ahead of its third-quarter earnings release.

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SpaceX to Report Q3 Earnings on Oct. 20 Amid Rising AI Spending
SpaceX to Report Q3 Earnings on Oct. 20 Amid Rising AI Spending

Yahoo Finance • 20 Oct 14:22

SpaceX will release its third-quarter results on Oct. 20, with analysts expecting revenue of $12.7 billion and highlighting growing AI-related expenditures as a key risk factor.

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President Trump lauds Elon Musk's pledge to give SpaceX shares to American children
President Trump lauds Elon Musk's pledge to give SpaceX shares to American children

Business Insider • 20 Oct 10:51

President Donald Trump praised Elon Musk's announcement to donate one SpaceX share to each child in the United States, a move valued at roughly $10 billion.

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SpaceX earnings spotlight Starlink mobile carrier ambitions
SpaceX earnings spotlight Starlink mobile carrier ambitions

Business Insider • 20 Oct 10:31

SpaceX reported quarterly results as it weighs expanding Starlink into a mobile network, a move that could affect the company's profitability and capital allocation.

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October 19, 2026
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Elon Musk announces plan to give SpaceX shares to U.S. children
Elon Musk announces plan to give SpaceX shares to U.S. children

Yahoo Finance • 19 Oct 17:52

SpaceX founder Elon Musk said he will distribute a share of the company to each child in the United States, while COO Gwynne Shotwell has pledged a separate stock donation for millions of youngsters.

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Elon Musk pledges to give a SpaceX share to each U.S. child
Elon Musk pledges to give a SpaceX share to each U.S. child

Business Insider • 19 Oct 08:43

Elon Musk announced plans to distribute one SpaceX share to every child in the United States, a giveaway valued at roughly $10.5 billion, and said it could be the first of several similar initiatives.

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