NEW YORK — A bullish forecast from one of the world's largest chipmakers handed investors in the Musk complex a fresh reason for optimism this week, as STMicroelectronics — which counts both Tesla and SpaceX among its customers — guided to roughly 23% revenue growth and a stronger finish to the year than many had modeled.
STMicro said third-quarter revenue rose about 18% to $3.76 billion and pointed to full-year revenue near $14.5 billion. For holders of Tesla — NASDAQ: TSLA — and SpaceX — NASDAQ: SPCX — the read-through is straightforward: when a key silicon supplier sees demand accelerating, the companies buying those chips are usually busy too. It is one more data point for the Musk complex's broad bull case.
Why a Chip Forecast Matters
Tesla's vehicles, Optimus robots, and energy systems, along with SpaceX's satellites and avionics, all run on a steady flow of power-management and sensing silicon. A supplier guiding higher suggests order books are full and production is humming — a healthier tell, in some ways, than any single headline, because suppliers often see demand before it shows up in a carmaker's deliveries. A firm semiconductor backdrop, with $NVDA strength and the broader chip tape as covered across financial media this week, only reinforces the signal.
The Tape Into Month-End
As of the most recent close, $TSLA changed hands around $404.22, easing 0.8% on the session, while $SPCX — the publicly traded SpaceX entity that now includes xAI following their merger — sat near $145.23, off about 2.3%. Both names enter month-end after a dense stretch of catalysts across launch, energy, and AI.
