SpaceX Revenue Jumps 161%, Driven by Starlink and AI
- On Tuesday, October 20, 2026, SpaceX reported third-quarter revenue of $14.58 billion, up 161% year-over-year, with net income reaching $4.4 billion after reversing a $1.1 billion loss.
- Elon Musk stated SpaceX expects annual recurring revenue of $500 billion to $1 trillion by the end of 2027, though run rate measures selling speed at a point in time rather than actual booked annual revenue.
- The Super Intelligence division brought in $7.6 billion, surpassing Connectivity at $5.2 billion, while Starlink added 1.6 million consumer subscribers to reach 13.6 million total.
- Chief financial officer Bret Johnsen guided fourth-quarter capital spending to $35 billion to $40 billion and projects total company revenues between $33 billion and $37 billion for first-quarter 2027.
- Later, Musk posted online, "As crazy as this sounds, $1T in SpaceX revenue in 2028 is no longer impossible," citing Grok as a key driver for superintelligence compute.
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SpaceX (NASDAQ: SPCX) Stock Price Surges 8% On Q3 Revenue Beat While Tesla Merger Talk Ignites Space Sector Rally
SpaceX (NASDAQ: SPCX) stock climbed to $159.94 in morning trading, up 8%, after the company posted third-quarter 2026 revenue of $14.58 billion, topping analysts’ expectations on both the top and bottom lines. The strong earnings result set up an earnings call that quickly shifted focus toward a far larger conversation about a potential combination with […]
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