Spacex Reports Revenue Jump As AI Business Expands
SpaceX reported $14.6 billion in third-quarter revenue, with its Super Intelligence business driving growth, though outlets gave slightly different figures for the segment.
SpaceX reported $14.6 billion in third-quarter 2026 revenue on Tuesday, with growth in its artificial intelligence business playing a major role. The Verge said revenue rose 161% from a year earlier, citing the company’s earnings report. Both The Verge and TechCrunch reported that the Super Intelligence segment generated $431 million in operating profit, but they gave slightly different figures for its revenue.
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AI growth leads the quarter
The Verge put Super Intelligence revenue at $7.6 billion, up 830% year over year. TechCrunch reported $7.5 billion for the segment and said AI now accounts for 52% of SpaceX’s income. According to The Verge, SpaceX attributed the segment’s growth primarily to new cloud-services agreements, its acquisition of the Cursor coding tool, and increased use of Grok by businesses and consumers.
TechCrunch said the business includes data centers, Grok agents and Cursor, and reported that SpaceX’s cloud-computing operation has reached 1.7 gigawatts of compute. It also said the segment’s profit was reduced by $1.2 billion in one-time stock-based compensation expenses tied to the Cursor acquisition.
Connectivity grows as Space posts a loss
SpaceX’s other businesses produced mixed operating results. The Verge reported $5.2 billion in Connectivity revenue and $2.4 billion in operating income for that group. It said the Space division generated $1.8 billion in revenue, up 6% year over year, but recorded a $7 million operating loss. Both outlets reported that Starlink had reached 13.6 million consumer subscribers.
TechCrunch said SpaceX posted $4.4 billion in net income for the quarter, compared with a $1 billion loss in the same period last year. The outlet cautioned that the company still had a $413 million net loss across the first nine months of 2026. It also reported that roughly $1 billion of the quarter’s revenue came from a recovery in Bitcoin prices and unspecified related-party income.
Expansion comes with heavy spending
TechCrunch reported $19.6 billion in capital expenditures as SpaceX continued work on its Colossus II data center and invested in Starship. Chief financial officer Bret Johnsen said the company expected to spend $35 billion to $40 billion on new capital investments in the fourth quarter, according to the outlet.
During the earnings discussion, CEO Elon Musk identified power, cooling and infrastructure as constraints on deploying advanced AI, TechCrunch reported. The Verge described this as SpaceX’s second earnings report since its June IPO and said the quarter included the closing of its $60 billion Cursor acquisition. Together, the reports show a company gaining substantial revenue from AI while committing heavily to the infrastructure behind it.
Sources
This story was compiled by AI from the reports below. Read the originals for the full details.