SpaceX Reports Strong Q3 Earnings Driven by Starlink and AI Segments
SpaceX reported significant third-quarter growth, with revenue surging 161% year-over-year to $14.6 billion, exceeding analyst estimates by $1.6 billion. The company achieved an EPS of $0.35, a substantial turnaround from the previous year's net loss. Growth is being driven primarily by its Connectivity (Starlink) segment and its rapidly expanding Super Intelligence (SI) segment, which includes AI assets like xAI and Grok. While Starlink remains the company's primary profitable engine, the SI segment saw a massive 380% revenue growth in the first nine months of 2026. Analysts project continued explosive growth, with revenue potentially reaching $177.6 billion by 2027. Despite current valuations, SpaceX's diversified approach across satellite connectivity, AI infrastructure, and space exploration positions it as a dominant player in its respective sectors.
Coverage
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