SpaceX reported a massive financial breakthrough for the third quarter of fiscal 2026, blowing past Wall Street expectations as its artificial intelligence infrastructure business experienced explosive growth. Led by CEO Elon Musk, the aerospace and communications company announced quarterly results on October 20, 2026, showing revenue more than doubled alongside a return to profitability.
Spacex Quarterly Revenue and Financial Highlights
For the quarter ending September, SpaceX posted total revenue of $14.575 billion, marking a staggering 161% increase year-over-year. The figures easily outpaced consensus market expectations of approximately $12.72 billion. The company also recorded a net profit of $4.404 billion, resulting in a GAAP diluted earnings per share of $0.35 and sending company shares up 2.5% in extended trading.
The primary driver behind the record quarter was the company’s newly named Superintelligence division, which focuses on renting computing capacity to customers amid soaring global demand for AI infrastructure. Revenue from the AI business skyrocketed 830% from the previous year to $7.56 billion, officially making computing rentals the company’s largest business line and accounting for just over half of total quarterly sales.
Starlink Growth and Infrastructure Spending
Alongside its AI expansion, SpaceX continued to see robust growth in its Starlink satellite internet segment. Starlink subscriber numbers reached 13.6 million during the third quarter, surpassing the 12.19 million analysts had anticipated. However, the expansion into broader international markets with lower-cost pricing plans brought down the average monthly revenue per subscriber, which dropped to $69 compared to $99 in 2023.
Despite returning to strong profitability, the company’s aggressive expansion requires immense capital. Capital expenditures nearly tripled to $19.593 billion during the quarter, significantly outpacing operating cash flow as SpaceX continued heavy investments in compute infrastructure and its Starship launch schedule. Nevertheless, analysts note that the company maintains a substantial cash reserve of $89.855 billion, helping to mitigate immediate financing needs while positioning the firm for continued technological advancements across its aerospace and digital infrastructure networks.
