SpaceX posts $4.4B quarterly profit as AI revenue overtakes rockets

SpaceX earned a net profit of $4.4 billion in the third quarter of 2026. A year earlier, the same quarter produced a $1.1 billion loss. The numbers behind the beat Analysts had expected a profit in the range of approximately $1.57 to $2 billion. SpaceX more than doubled the top end of that range. Revenue for the quarter reached $14.58 billion, up 161% year over year. Consensus estimates had pegged the figure at $12.7 to $12.9 billion, so the top line also cleared expectations by a comfortable margin. The star of the show was the company’s Super Intelligence (SI) segment. It generated $7.56 billion, roughly 52% of total revenue, after growing 830% from the prior year. That growth came from data-center and cloud compute contracts with major customers, including Anthropic, Google, and Reflection AI. The connectivity segment, driven mainly by Starlink, brought in $5.25 billion. That figure rose 69% year over year. Starlink’s subscriber base hit 13.6 million, an 89% increase from a year earlier. Profitability, cash, and a very large spending bill Adjusted EBITDA came in at $8.8 billion, up 306% year over year. The company also reported a nameplate compute capacity of 1.7 gigawatts. Spac...