SpaceX Q3 financial report: Revenue of 14.6 billion USD, net profit of 4.4 billion USD

According to SpaceX (Nasdaq: SPCX) released third-quarter financial report for 2026, the revenue for the quarter was $14.6 billion, an increase of 161% compared to $5.6 billion in the same period last year; net profit was $4.4 billion, compared to a net loss of $1.1 billion in the same period last year. Adjusted EBITDA was $8.8 billion, a year-on-year increase of 306%; operating income was $2.8 billion, compared to a loss of $270 million in the same period last year.

The Super Intelligent business generated revenue of $7.56 billion, a year-on-year increase of 830% and a quarter-on-quarter increase of 195%, mainly from the activation of cloud service agreements, the integration of Cursor, and the growth in adoption of Grok in both enterprise and consumer sectors. The operating income for this business was $431 million, which included $1.2 billion in equity incentive expenses related to the acquisition of Cursor, with nameplate computing power rising to 1.7 GW, compared to 0.6 GW in the same period last year. The Connectivity business generated revenue of $5.25 billion, a year-on-year increase of 69%, with operating income of $2.37 billion, a year-on-year increase of 99%; Starlink consumer subscription users reached 13.6 million, an increase of 1.6 million quarter-on-quarter, with an average monthly ARPU of $69, and over 3,800 aircraft equipped with Starlink.

The Aerospace business generated revenue of $1.77 billion, a year-on-year increase of 6%. The company completed 12 customer launches during the quarter and accomplished the 14th flight of the Starship, which the company stated was the first revenue-generating Starship mission, sending 26 Starlink V3 satellites into orbit, with a downlink capacity approximately 10 times that of a single Falcon 9 Starlink launch. Capital expenditures for the quarter were $19.6 billion, of which the Super Intelligent business accounted for $16.4 billion, with a cumulative total of $48.1 billion for the first three quarters. As of September 30, cash and cash equivalents were $51.3 billion, marketable securities were $38.6 billion, total assets were $254 billion, and net fundraising from IPOs in the first three quarters was $85.68 billion.