SpaceX Revenue Jumps 161%, Driven by Starlink and AI
AI revenue rose ninefold to $7.6 billion and topped Starlink as SpaceX’s quarterly sales beat estimates and returned to strong profit.
- On Tuesday, SpaceX reported third-quarter revenue more than doubled, beating analyst estimates as AI and Starlink businesses expanded; shares rose about 3% in extended trading.
- AI-Computing and Starlink services drove the expansion, with SpaceX reporting $7.6 billion in AI revenue primarily from renting data-center capacity to developers including Anthropic and Google.
- Starlink reached 13.6 million subscribers, surpassing analyst expectations, though average monthly revenue per user fell to $69 as the company expanded internationally with cheaper plans.
- Capital spending reached $19.6 billion in the quarter, with AI-computing projects consuming $16.4 billion as SpaceX invests heavily in compute infrastructure expected to remain elevated.
- Investors await Elon Musk's comments on a potential SpaceX-Tesla merger when Tesla reports results on Wednesday, as SpaceX prioritizes its Starship development and internal network launches.
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SpaceX presented a net profit of US$4.4 billion in the third quarter of 2026, reversing the loss of US$ 1.05 billion reported a year ago. Diluted by action, the profit was US$ 0.37 in the last quarter. This is the second balance sheet disclosed by the company since its opening of capital, in June of this year, and the first one with positive result. The consolidated billing of the American company of space flights and internet via satellite of b…
The Independent
The Independent (US)SpaceX quarterly revenue beats estimates as AI business surges
Investors will also be keen to hear Elon Musk's comments on a much-talked-about potential merger between SpaceX and Tesla, which reports results Wednesday
SpaceX turns a profit after a string of losses as its satellite and co
NEW YORK (AP) — SpaceX reported a bigger quarterly profit than expected Tuesday as its satellite communications operations and its business of leasing computing power to other companies boomed. The company, run by Elon Musk, posted net
SpaceX is spending more than ever on AI. Its AI business is also bringing in more than Starlink for the first time.
A SpaceX facility in Hawthorne, California.Justin Sullivan/Getty ImagesSpaceX's earnings reveal growing capex as well as AI revenue that surpassed its Starlink business for the first time.The company reported overall capex spending in line with estimates.AI-related spending was slightly less than expected but still more than previous quarters.SpaceX's second-ever earnings report revealed it's spending more than ever on AI.SpaceX reported spendin…
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