SpaceX shares rose over 7% after the conference call, with the biggest bull gaining $1.1 million in half a day.

October 21 - According to TradingBeats monitoring, the SPCX perpetual contract on Hyperliquid is trading at $161.72, up 7.23% from approximately $150.81 at the start of the earnings call at 04:30 today. The 24-hour trading volume during the same period was approximately $277 million, with open interest notional value of approximately $151 million.

As prices rebounded, the unrealized profit of the largest SPCX long position on-chain further expanded. The address currently holds approximately 100,100 long contracts, with a position value of approximately $16.19 million, at an average price of $135.602, with unrealized profit of approximately $2.6146 million, representing a return of approximately 192.6%. Calculations show that this rally alone increased its unrealized profit by approximately $1.0922 million. (0x519c)

On the news front, SpaceX's third-quarter revenue and profitability significantly exceeded analyst expectations. SpaceX expects first-quarter 2027 revenue to reach $33 billion to $37 billion, notably higher than analysts' previous expectations of approximately $22 billion.

Musk expects the company's annualized recurring revenue (ARR) run rate to rise from approximately $100 billion by the end of 2026 to $500 billion to $1 trillion by the end of 2027. Musk also stated that the payback period for AI infrastructure investment is expected to shorten to under one year, with some investments potentially recouped within six months.

Additionally, Musk confirmed that SpaceX and Tesla have each established independent special committees of their boards of directors to formally discuss a potential merger.