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SpaceX Revenue Jumps 161%, Driven by Starlink and AI
The company’s AI division and Starlink drove the turnaround, while capital spending reached $19.6 billion, executives said.
- On Tuesday, October 20, 2026, SpaceX reported third-quarter revenue of $14.6 billion, a 161% year-over-year increase, and net income of $4.4 billion, reversing a prior-year loss and beating analyst expectations.
- Surging demand for artificial intelligence infrastructure drove the turnaround, as SpaceX's Super Intelligence division generated $7.6 billion in revenue, an 830% increase year-over-year, with operating income reaching $431 million.
- Capital expenditures reached $19.6 billion during the quarter, with $16.4 billion directed toward AI infrastructure buildout, reflecting an accelerated investment pace for compute capacity.
- Starlink revenue rose 69% to $5.2 billion, while the satellite internet service's subscriber base reached 13.6 million, adding 1.6 million customers during the quarter.
- CEO Elon Musk projected the company could achieve an annual recurring revenue run rate between $500 billion and $1 trillion by the end of 2027, contingent on rapid infrastructure scaling.
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Total News Sources296
Leaning Left37Leaning Right42Center68Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 25%
C 46%
R 29%
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