AI overtakes Starlink in revenue as SpaceX posts better-than-expected Q3 profit
๐ SpaceX reported Q3 2026 revenue of $14.6 billion, up 161% year over year. Net income reached $4.4 billion, reversing a $1.1 billion loss and exceeding market expectations.
๐ค Super Intelligence revenue rose 830% to $7.6 billion, surpassing Connectivity for the first time and accounting for over half of total sales. Compute capacity rentals were a key driver, highlighting AI infrastructureโs growing role.
๐ฐ๏ธ Connectivity generated roughly $5.2 billion in revenue, with Starlink reaching 13.6 million consumer subscribers, sustaining a core business alongside AI.
โ๏ธ However, quarterly capital spending reached $19.6 billion, including $16.4 billion for AI. Turning rapid growth into sustainable cash flow remains a key issue to watch.
#SpaceX $SPCX
๐ SpaceX reported Q3 2026 revenue of $14.6 billion, up 161% year over year. Net income reached $4.4 billion, reversing a $1.1 billion loss and exceeding market expectations.
๐ค Super Intelligence revenue rose 830% to $7.6 billion, surpassing Connectivity for the first time and accounting for over half of total sales. Compute capacity rentals were a key driver, highlighting AI infrastructureโs growing role.
๐ฐ๏ธ Connectivity generated roughly $5.2 billion in revenue, with Starlink reaching 13.6 million consumer subscribers, sustaining a core business alongside AI.
โ๏ธ However, quarterly capital spending reached $19.6 billion, including $16.4 billion for AI. Turning rapid growth into sustainable cash flow remains a key issue to watch.
#SpaceX $SPCX