SpaceX Set for Q3 Earnings Report Amid Starlink Growth and AI Expansion
SpaceX is set to report third-quarter earnings after the market close, with analysts expecting revenue of $12.72 billion and EPS of 13 cents per share. The company's connectivity segment—primarily driven by its satellite internet service Starlink—is a major contributor to both revenue and profit. Recent developments include SpaceX acquiring low-band spectrum for mobile network expansion and plans to launch a large constellation, which analysts believe will enhance Starlink Mobile’s competitiveness against traditional carriers. The AI division is also gaining attention as the company reported $6.47 billion in expected Q3 AI-related revenue and has invested heavily into data center infrastructure through its xAI subsidiary. SpaceX recently acquired Cursor for $60 billion to bolster its presence in a competitive market dominated by OpenAI, Anthropic, and Google. Despite these moves, capital expenditures remain high—$18.4 billion was spent last quarter with 80% allocated to AI—and this has previously caused investor concern. SpaceX's stock opened at $150 after its June IPO but is currently trading near that level despite volatility following lockup expiration in August. The company continues developing the Starship rocket, which remains unproven and not yet profitable.
Tickers: $SPX
Topics: AI spending Earnings report SpaceX Starlink
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