SpaceX Reports Record Revenue Growth Driven by AI Segment
SpaceX reported $14.6 billion in revenue for Q3 2026, a year-over-year increase of 161%, driven primarily by its Super Intelligence (SI) segment and the Connectivity division. The SI business alone generated $7.6 billion in revenues—up an impressive 830% from last year—due to new cloud service agreements, the acquisition of Cursor, and increased adoption of Grok across enterprise customers and consumers. The company's Connectivity group reported income from operations of $2.4 billion with Starlink reaching 13.6 million subscribers. In contrast, its Space division posted a small loss in operational income despite generating $1.8 billion in revenue—a six percent year-over-year increase. This is SpaceX’s second earnings report since going public in June and follows significant activity including the acquisition of Cursor for $60 billion. During previous calls, President Gwynne Shotwell outlined plans to build a terrestrial mobile network competing with major telecom providers like T-Mobile and AT&T.
Tickers: $SPCE
Topics: AI growth Connectivity Earnings report SpaceX Starlink
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