SpaceX reported third-quarter revenue of $14.6 billion, exceeding analysts’ estimates of $12.87 billion, as demand for Starlink satellite internet and artificial intelligence computing services drove a 161% increase in sales from a year earlier.
The company posted adjusted earnings per share of $0.35, more than double the consensus estimate of $0.15. Net income rose to $4.4 billion, compared with expectations of $1.88 billion, according to Investing.com.
SpaceX shares rose 7.3% in after-hours trading to $158.68.
The company’s Super Intelligence division generated $7.6 billion in revenue, beating estimates of $6.3 billion, as SpaceX expanded its AI computing business following its acquisition of xAI earlier in the year.
SpaceX had signed agreements with Anthropic and Google to supply computing capacity from its Colossus II data centre, creating a significant revenue stream from its investments in AI infrastructure.
The connectivity segment, driven by Starlink, contributed $5.2 billion in revenue, exceeding estimates of $4.9 billion. Growth was supported by increasing consumer adoption and expanding enterprise and government contracts.
Revenue from the space segment reached $1.8 billion, surpassing the $1.43 billion forecast.
“As crazy as this sounds, $1T in SpaceX revenue in 2028 is no longer impossible,” Chief Executive Elon Musk said in a social media post following the earnings announcement.
Musk also raised the possibility of a merger between SpaceX and Tesla, saying the two companies had established special independent committees to explore a potential combination.
Adjusted earnings before interest, taxes, depreciation and amortisation rose 306% from a year earlier to $8.8 billion, exceeding analysts’ estimates of $6.59 billion.
Operating income reached $2.8 billion, compared with a loss of $273 million in the third quarter of 2025 and above forecasts of $2.24 billion. Operating income in the connectivity segment increased 99% year on year to $2.4 billion.
SpaceX also reported operational progress in its Starship programme. The company completed its first revenue-generating Starship payload mission, deploying 26 Starlink V3 satellites. The satellites are designed to deliver roughly 10 times the downlink capacity per launch compared with the company’s Falcon 9 rockets.
Capital expenditure totalled $19.6 billion during the quarter, in line with expectations. Of that amount, $16.4 billion went towards expanding computing infrastructure in the Super Intelligence division.
The investment increased the division’s nameplate computing capacity to 1.7 gigawatts as of September 30, 2026, underscoring SpaceX’s growing commitment to AI infrastructure alongside its satellite internet and launch businesses.
Stay ahead of the Stories shaping our world. Subscribe to Impact Newswire and join our
WhatsApp Channel for updates on global tech, business, and innovation—all in one place.
Dive deeper into the future with the Cause Effect 4.0 Podcast, where we explore the ideas, trends, and technologies driving the global AI conversation.
Got a story to share? Contact Us to reach a global audience with Impact Newswire.
Faustine Ngila is the AI Editor at Impact Newswire, based in Nairobi, Kenya. He is an award-winning journalist specializing in artificial intelligence, blockchain, and emerging technologies.
He previously worked as a global technology reporter at Quartz in New York and Digital Frontier in London, where he covered innovation, startups, and the global digital economy.
With years of experience reporting on cutting-edge technologies, Faustine focuses on AI developments, industry trends, and the impact of technology on society.
Discover more from Impact Newswire
Subscribe to get the latest posts sent to your email.
