During SpaceX's third quarter earnings call, Elon Musk suggested that merging SpaceX with Tesla could be beneficial, as both companies could collaborate on software and technology. Although Musk will not participate in the discussions due to conflicts of interest, he emphasized the advantages of such a merger.
SpaceX reported impressive financial results, with an operating income of $2.8 billion and a net income of $4.4 billion, surpassing expectations. Revenue reached $14.58 billion, significantly higher than the anticipated $12.72 billion.
CFO Bret Johnsen projected that SpaceX's revenue for the first quarter of 2027 could range from $33 billion to $37 billion, well above the average analyst estimate of $22.2 billion.
In contrast, Netflix's stock fell after it reported third-quarter earnings that beat expectations but lowered its advertising outlook and provided a revenue forecast for the fourth quarter that fell short of Wall Street's predictions.
Additionally, legal challenges continue for former President Trump regarding tariffs, while Boeing received FAA approval for its 737 Max 10, marking a significant milestone after years of delays