SpaceX's Third-Quarter Revenue Reaches $14.6 Billion with a 161 Percent Increase

SpaceX, which went public in June, has released its financial statements for the July-September period of 2026. Driven by growth in the artificial intelligence segment and the number of Starlink subscribers, the company's revenue rose by 161 percent compared to the same period last year, reaching $14.6 billion.

According to SpaceX's financial statements, the company had generated $5.6 billion in revenue in the third quarter of 2025. In the third quarter of the year, net profit stood at $4.4 billion, while a net loss of $1.05 billion was recorded in the same period of the previous year. Earnings per share were calculated at 35 cents; the company had reported a loss of 36 cents per share in the same period last year.

On a segmental basis, revenue from artificial intelligence surged by 830 percent annually to reach $7.6 billion, connectivity segment revenue increased by 69 percent to $5.2 billion, and space-related revenue rose by 6 percent to $1.8 billion. Total capital expenditures in the third quarter reached $19.6 billion, with artificial intelligence capital expenditures exceeding $16 billion. Notably, the financial statements used the term "super intelligence" instead of artificial intelligence.

Having carried out 113 launches in the January-September period, SpaceX saw its total number of Starlink satellites in orbit exceed 11,000, while the number of countries with coverage reached 174. The number of Starlink subscribers, which stood at 12 million at the end of June, rose to 13.6 million by the end of September. SpaceX Chief Executive Officer Elon Musk stated at an investor conference that he projects an annual revenue between $500 billion and $1 trillion by the end of 2027.