SpaceX revenue jumps 161% to $14.6B as AI business surges in third quarter

SpaceX reported $14.6 billion in revenue for the third quarter of 2026, up 161% from a year earlier, as rapid growth in its artificial intelligence business helped the company exceed Wall Street expectations. The company reported net income of $4.4 billion, compared with a $1.1 billion loss a year earlier, while adjusted EBITDA climbed 306% to $8.8 billion. Revenue surpassed analysts’ expectations of approximately $12.72 billion, according to Reuters. SpaceX’s Super Intelligence division generated $7.56 billion in quarterly revenue, an increase of 830% from $813 million a year earlier, making it the company’s largest business by revenue. The earnings came as SpaceX continued expanding its AI infrastructure and Starlink satellite network following its public listing on Nasdaq earlier this year. SpaceX AI business drives revenue growth SpaceX attributed the expansion of its Super Intelligence division to new cloud services agreements, growing adoption of its Grok models and the acquisition of AI coding platform Cursor. The company completed its acquisition of Cursor on August 14 at an implied equity valuation of $60 billion. The business contributed $608 million in revenue between th...