SpaceX Revenue Jumps 161%, Driven by Starlink and AI
The company said its AI unit generated $7.56 billion, overtaking Starlink as compute contracts and Grok adoption drove the quarterly gain.
- On Tuesday, October 20, 2026, SpaceX reported third-quarter revenue of $14.6 billion, a 161% year-over-year increase, with net income of $4.4 billion, both figures beating analyst expectations of $1.57 billion.
- The "Super Intelligence" segment drove growth, generating $7.6 billion in revenue and eclipsing the $5.2 billion produced by Starlink, marking a strategic shift toward AI-derived revenue as the company's largest business line.
- SpaceX allocated $16.4 billion of its $19.6 billion total capital expenditure toward AI-related compute infrastructure, with investment concentrated on scaling data centers like Colossus II in Memphis, Tennessee.
- CEO Elon Musk confirmed that SpaceX and Tesla have formed special committees of independent directors to evaluate a potential merger, though he cautioned no agreement has been finalized.
- Fourth-Quarter capital expenditures are projected to rise to $35 billion to $40 billion as SpaceX scales compute capacity and prepares Starship for regular launch patterns to support orbital deployment.
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294 Articles
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Good news for investors: SpaceX earnings came in a lot hotter than expected—some are even calling it a “blowout,” beating Wall Street expectations. Also on Tuesday, the day of SpaceX’s third-quarter 2026 earnings report, founder and CEO Elon Musk said in a post on his social media platform X: “As crazy as this sounds, $1T in SpaceX revenue in 2028 is no longer impossible.” It’s a bold timeline even for the typically audacious Musk, who in August…
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