SpaceX Beats Q3 2026 Estimates as Revenue Surges 161% YoY

SpaceX reported third-quarter 2026 results after markets closed on October 20, with revenue of $14.6 billion, up 161% from $5.6 billion a year earlier and above estimates of $12.7 billion to $13.0 billion. Super Intelligence, SpaceX's renamed AI segment covering cloud services, models and applications such as Grok, drove much of the growth, with revenue up 830% to $7.56 billion. Net income was $4.4 billion, reversing a $1.1 billion loss a year earlier, while adjusted EBITDA rose 306% to $8.8 billion and diluted EPS was $0.35. Capital expenditures totaled $19.59 billion, including $16.44 billion for AI infrastructure; Connectivity revenue rose 69% to $5.25 billion, Starlink reached 13.6 million consumer subscribers, and SpaceX completed 35 launches.