SpaceX (SPCX) is drawing market attention as its stock price surged on the back of strong third-quarter results. On the 21st (local time), the stock showed strength in early trading, continuing its upward momentum.

As of 10:48 p.m. on the 21st, Korea time, SpaceX was trading at $162.29, up 9.81% from the previous day. After a slight decline in the previous regular session, the stock jumped sharply in after-hours trading following the Q3 earnings announcement and has continued its upward trend.

Sharp Rebound in After-Hours Trading After Flat Close

SpaceX finished the regular session on the Nasdaq on the 20th (local time) at $147.79, down 0.11% from the previous day. However, as the earnings released after the market close attracted investor attention, the stock closed at $159.70 in after-hours trading — an 8.06% gain compared to the regular session close.

Notably, while the stock ended the regular session roughly flat, the mood shifted dramatically in after-hours trading. With the earnings announcement marking a turning point in the stock's direction, attention is now focused on whether the upward trend will continue.

Revenue Up 161%, Net Income of $4.4 Billion Marks Return to Profitability

According to the Q3 2026 results announced by SpaceX on the 20th, revenue came in at $14.6 billion, up 161% from $5.6 billion in the same period last year.

Profitability also improved significantly. In contrast to a net loss of $1.1 billion in the same period last year, the company posted a net profit of $4.4 billion this quarter — an improvement of $5.5 billion year over year.

Operating profit was tallied at $2.8 billion. Adjusted EBITDA was reported at $8.8 billion, up 306% from $2.2 billion in the same period last year.

With revenue growth and a return to profitability occurring simultaneously, expectations of improved earnings appear to have driven the stock's rise.

All Eyes on Whether the Rally Will Continue

However, it remains to be seen whether the strength will hold until the regular session closes. Investors are focused on whether SpaceX's stock can form a new upward trend following this earnings announcement.

[This article is intended to provide information for investment reference and does not recommend the purchase or sale of any specific stock. Figures may vary depending on market conditions. Investment decisions and their consequences are the responsibility of the investor. AI provided partial assistance.]