SpaceX says big AI growth fueled revenue jump

Summary

SpaceX announced revenues of $14.6 bi ll i o nin [i t s Q 3 e a r nin g so n T u es d a y] (h ttp s : // i r . s p a ce x . co m / f i l es / co n t e n t_{f} i l es / Sp a ce X - R e p or t s - T hi r d - Q u a r t er - 2026 - R es u lt s . p df), w hi c hi t s a ys w a s a g ro wt h o f 161 p erce n t ye a r - o v er - ye a r “ f u e l e d b yo u r S u p er I n t e ll i g e n ce (S I) se g m e n t an d a cce l er a t e d g ro wt hin C o nn ec t i v i t y .” Whi l e i t s Sp a ce d i v i s i o n p os t e d a$ 7 million loss in income from operations, its Connectivity group posted income from operations $2.4 bi ll i o nan d i t s S I g ro u pp os t e d$ 431 million. SpaceX says big AI growth fueled revenue jump SpaceX announced revenues of $7.6 bi ll i o n f or i t s ‘ S I ’ b u s in ess ini t s Q 32026 e a r nin g s . Sp a ce X ann o u n ce d re v e n u eso f$ 7.6 billion for its ‘SI’ business in its Q3 2026 earnings. STKE012_SPACEX_IPO_2026_E The company’s so-called “SI” business saw revenues of $7.6 bi ll i o n, w hi c h w ere u p 830 p erce n t ye a r - o v er - ye a r, “ p r ima r i l y d r i v e n ” b y “ t h e a c t i v a t i o n o f n e w c l o u d ser v i ces a g ree m e n t s, t h e a c q u i s i t i o n o f C u rsor, an d in cre a se d G ro ka d o pt i o na crosse n t er p r i sec u s t o m ers an d co n s u m ers .” F or i t s C o nn ec t i v i t y b u s in ess, Sp a ce X re p or t e d re v e n u eso f$ 5.2 billion and 13.6 million Starlink consumer subscribers. Space business revenues were $1.8 bi ll i o n, u p s i x p erce n t ye a r - o v er - ye a r . T hi s i s t h eseco n d e a r nin g sre p or t f ro m Sp a ce X a f t er [t h eco m p an y ’ s I PO in J u n e] (/ sc i e n ce /947926/ s p a ce x - i p o - s t oc k - s ha res - t r a d in g - e l o n - m u s k) . T h ee a r nin g s f o ll o w ab u sy Q 3 f or El o n M u s k ’ sroc k e t, A I, an d soc ia l m e d ia co m p an y, w hi c hin c l u d e d t h eo ff i c ia l [c l os in g o f i t s$ 60 billion deal](/ai-artificial-intelligence/980274/cursor-is-officially-part-of-spacex) to acquire AI coding tool Cursor, the 13th launch of SpaceX’s Starship, and the launch of a new V5 Starlink residential dish. During the Q2 earnings call, president Gwynne Shotwell described plans to build out a terrestrial mobile network to compete with T-Mobile, AT&T and Verizon. In SpaceX’s Q2 earnings, the company also noted that its “connectivity” business, which encompasses Starlink, didn’t have a loss from operations, while its AI and space businesses did. Tesla, where Musk is also CEO, reports earnings on Wednesday.

By Jay Peters

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SpaceX says big AI growth fueled revenue jump

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By Jay Peters

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