🚀 SpaceX Q3 Earnings Shock the Market! AI Business Surges 830% to Become the Biggest Dark Horse 🌌
SpaceX just released its Q3 2026 earnings report, with results far exceeding expectations across the board. Its share price surged more than 8% at one point in after-hours trading! Here are the key highlights 👇
📊 Key Earnings Figures
Total revenue: $14.58 billion (up 161% year over year), far exceeding expectations!
Net income: $4.4 billion (vs. $1.88 billion expected), more than doubling!
Diluted EPS: $0.35 (vs. $0.15 expected)
🤖 AI “Superintelligence (SI)” Business Becomes the Largest Revenue Source
SI business revenue: $7.56 billion (up a whopping 830% year over year!), surpassing Starlink for the first time to become the company’s largest revenue pillar!
Growth drivers: strong demand for cloud services, synergies from the acquisition of Cursor, and explosive growth in applications of the Grok model.
📡 Starlink and Space Business Continue Steady Expansion
Satellite internet: Revenue of $5.25 billion (up 69% year over year), with Starlink subscribers surpassing 13.6 million!
Space launches: Revenue of $1.77 billion. Starship’s 14th flight successfully deployed Starlink V3 satellites into orbit, generating commercial revenue for the first time!
💡 Outlook and Highlights
Accelerating compute capacity: Q3 capital expenditure was nearly $20 billion, with 84% allocated to building AI/SI infrastructure (the COLOSSUS II computing center is being expanded).
Musk makes a bold claim: Executives said on the earnings call that next year’s annual recurring revenue (ARR) target could reach as high as $1 trillion, and confirmed that a potential merger with Tesla is under discussion!
$TSLA.US
$SPCX.US
$NVDA.US
SpaceX just released its Q3 2026 earnings report, with results far exceeding expectations across the board. Its share price surged more than 8% at one point in after-hours trading! Here are the key highlights 👇
📊 Key Earnings Figures
Total revenue: $14.58 billion (up 161% year over year), far exceeding expectations!
Net income: $4.4 billion (vs. $1.88 billion expected), more than doubling!
Diluted EPS: $0.35 (vs. $0.15 expected)
🤖 AI “Superintelligence (SI)” Business Becomes the Largest Revenue Source
SI business revenue: $7.56 billion (up a whopping 830% year over year!), surpassing Starlink for the first time to become the company’s largest revenue pillar!
Growth drivers: strong demand for cloud services, synergies from the acquisition of Cursor, and explosive growth in applications of the Grok model.
📡 Starlink and Space Business Continue Steady Expansion
Satellite internet: Revenue of $5.25 billion (up 69% year over year), with Starlink subscribers surpassing 13.6 million!
Space launches: Revenue of $1.77 billion. Starship’s 14th flight successfully deployed Starlink V3 satellites into orbit, generating commercial revenue for the first time!
💡 Outlook and Highlights
Accelerating compute capacity: Q3 capital expenditure was nearly $20 billion, with 84% allocated to building AI/SI infrastructure (the COLOSSUS II computing center is being expanded).
Musk makes a bold claim: Executives said on the earnings call that next year’s annual recurring revenue (ARR) target could reach as high as $1 trillion, and confirmed that a potential merger with Tesla is under discussion!
$TSLA.US
$SPCX.US
$NVDA.US