'The world's super company': Wall Street weighs SpaceX earnings, company's likely Tesla tie-up

Ines Ferré · Senior Business Reporter Sun, October 25, 2026 at 10:39 AM PDT 3 min read

Elon Musk's vision for SpaceX (SPCX) has Wall Street sizing up a potential giant unlike anything it's seen before. Mix in a possible tie-up with Musk's EV giant Tesla (TSLA), and investors could be looking at a monster play.

Wall Street strategists are already looking at SpaceX and Tesla as one.

Musk, who is CEO of both companies, projects SpaceX's annual recurring revenue by the end of 2027 to fall "somewhere between $500 billion and $1 trillion." Its booming AI compute business is fueling bets that SpaceX could emerge as a fifth hyperscaler alongside Meta (META), Alphabet (GOOG, GOOGL), Microsoft (MSFT), and Amazon (AMZN).

"Couple that with the fact that they have a satellite business that's growing, they have a lucrative space business that the AI profits can continue to underwrite, and now we have a possible merger with…