3 Stocks That Can Benefit From SpaceX’s Surprise Q3 Earnings

SpaceX, Elon Musk’s company, reported third-quarter revenue of $14.58 billion, up 161% year over year, and a $4.4 billion net profit. Its AI division generated $7.56 billion, above the $5.25 billion connectivity business that includes Starlink. AI infrastructure used $16.4 billion of $19.6 billion in quarterly capital expenditure, and CFO Bret Johnsen said fourth-quarter spending could reach $35 billion to $40 billion, roughly twice Wall Street’s expectations. Nvidia, Micron and Seagate each gained about 2% in extended trading, though other market developments likely contributed. SpaceX was reported to be seeking $40 billion in financing to buy Nvidia AI chips, but the financing remains unfinalized; Micron supplies high-bandwidth memory, and Seagate makes data-center storage, though neither has a confirmed SpaceX deal.