SpaceX Q3 2026 revenue reached $14.6 billion, up 161% year-over-year, with net profit of $4.4 billion.

On October 21 that according to SpaceX’s (Nasdaq: SPCX) Q3 2026 earnings report, the company generated $14.6 billion in revenue for the quarter, a 161% increase from $5.6 billion in the same period last year. Net profit was $4.4 billion, compared to a net loss of $1.1 billion a year ago. Adjusted EBITDA reached $8.8 billion, up 306% year-over-year. Operating income was $2.8 billion, versus an operating loss of $270 million in the prior year period.

By business segment:

• Superintelligence (SI): Revenue was $7.56 billion, up 830% year-over-year and 195% quarter-over-quarter, primarily driven by the activation of cloud service agreements, consolidation of Cursor, and increased adoption of Grok across enterprise and consumer segments. SI business operating income was $431 million, which includes $1.2 billion in stock-based compensation expenses related to the Cursor acquisition. Rated compute capacity rose to 1.7 GW, compared to 0.6 GW in the same period last year.
• Connectivity: Revenue was $5.25 billion, up 69% year-over-year, with operating income of $2.37 billion, a 99% year-over-year increase. Starlink consumer subscriptions reached 13.6 million, adding 1.6 million quarter-over-quarter, with an average monthly ARPU of $69. Over 3,800 aircraft are equipped with Starlink.
• Space: Revenue was $1.77 billion, up 6% year-over-year. The quarter saw 12 customer launches, including Starship's 14th flight, its first revenue-generating mission, which deployed 26 Starlink V3 satellites into orbit. According to the company, its downlink capacity is approximately 10 times that of a single Falcon 9 Starlink launch.

Capital expenditures and financial position:

• Capital expenditures for the quarter were $19.6 billion, with $16.4 billion allocated to the SI business. Cumulative capital expenditures for the first three quarters totaled $48.1 billion.
• As of September 30, cash and equivalents stood at $51.3 billion, marketable securities at $38.6 billion, and total assets at $254 billion. The IPO raised net proceeds of $85.68 billion over the first three quarters.