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SpaceX revenue shoots 161% in the third quarter to $14.6 billion

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 20/10/2026, 21:41:24 UTC.

Briefings

SpaceX reported a 161% revenue increase to $14.6 billion in the third quarter of 2026, marking a shift from quarterly losses to a $4.4 billion quarterly profit. The AI division (Super Intelligence) drove the largest revenue jump at 830%, while connectivity (Starlink) contributed the most profit at $2.4 billion. Despite a 6% revenue growth in the full year, Starlink subscriber revenue per user declined due to international expansion. Key costs doubled to $11.8 billion, with significant investment in data centers for AI.

Key points

• SpaceX's third-quarter revenue surged 161% to $14.6 billion, driven by AI division growth of 830% to $7.6 billion.
• Connectivity division (Starlink) generated the highest quarterly profit at $2.4 billion, despite declining revenue per subscriber due to international expansion.

Context

SpaceX's revenue growth in Q3 2026 was primarily driven by AI division expansion and new cloud service contracts, while Starlink subscriber revenue per user decreased due to international expansion into non-rich markets.

Limitations

Revenue per Starlink subscriber declined from $99 in 2023 to $69 in Q3 2026 due to international expansion. Full-year revenue growth was 6%, and AI division revenue was estimated at $12.72 billion by LSEG.

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