- SpaceX reported Q3 2026 net income of $4.4 billion, or 35 cents per diluted share, versus a $1.1 billion loss a year earlier.
- Revenue more than doubled to $14.6 billion from $5.6 billion, beating the $12.7 billion analysts expected.
- Adjusted EBITDA reached $8.8 billion, up 306% year over year and above the $6.59 billion estimate. Capital expenditures totaled $19.6 billion, roughly in line with forecasts.
- The Super Intelligence (AI) segment generated $7.6 billion of revenue, up 830% year over year, and posted its first operating profit at $431 million.
- Anchor compute customers Anthropic (about $1.25 billion a month) and Google (about $920 million a month) together account for about $26 billion a year, and both agreements carry 90-day termination clauses.
- Starlink Connectivity revenue grew 69% year over year to $5.2 billion, with 13.6 million consumer subscribers after 1.6 million added in the quarter.
- SPCX closed Tuesday down 0.11% at $147.79 and rose about 2% in after-hours trading following the release.
- Digital assets on the balance sheet were $1.57 billion as of Sept. 30, up from $1.10 billion three months earlier, tracking bitcoin's rally from around $58,600 to $83,554.
- Elon Musk's company also said its revenue had more than doubled, driven by Starlink and artificial intelligence products.
Quotes
“The Elon Musk-led company earned $4.4 billion, or 35 cents per diluted share, against a loss of $1.1 billion a year earlier.”
“Both agreements carry 90-day termination clauses, and Google only started paying in October.”