SpaceX's Super Intelligence (SI) AI division reported third-quarter 2026 revenue of $7.560 billion, surpassing Connectivity (mostly Starlink) at $5.248 billion for the first time, while Starlink still generated most of the profit. Total revenue rose 161% to $14.575 billion and net income was $4.404 billion, but part of SI's growth came from the Cursor acquisition, which added $608 million in revenue. SI operating income was $431 million after $1.2 billion of share-based compensation tied to Cursor, compared with $2.367 billion for Connectivity, and the company guided fourth-quarter capital expenditures to $35 billion to $40 billion. The stock closed at $147.79 before the report and traded at $159.70 after hours, though the after-hours quote does not set the October 21 session price.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
SpaceXearningsartificial intelligenceElon Musk
Open a keyword to see other news on the same topic.
Related tickers and likely impact
GOOGL
• NeutralAlphabet Inc. (Class A)
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.3T |
| Close on 10/20/2026 | 340.24 |
| Change that session | -1.14% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Elon Musk Says SpaceX Could Exit 2027 with Up to $1 Trillion in Sales Run Rate. That’s Higher Than Any Company on Earth.
On the October 20, 2026 third-quarter earnings call, Elon Musk projected that SpaceX's annual recurring revenue could reach between $500 billion and $1 trillion by the end of 2027. CFO Bret Johnson said the company remains on track for $100 billion in ARR by year-end, following third-quarter revenue of $14.6 billion, up 161%. Musk linked the forecast to AI compute, which stood at 1.7 gigawatts at the end of Q3, and said he would be surprised if less than 13 GW were added by the end of next year, while acknowledging that not everything may go right. The superintelligence segment produced $7.6 billion in revenue and $5 billion in adjusted EBITDA. The formal guidance is Q1 2027 revenue of $33 billion to $37 billion.
- SpaceX Just Reported a 161% Jump in Quarterly Revenue. Wall Street Analysts Were Off by $1.6 Billion as Stock Soars 9%
SpaceX reported third-quarter revenue of $14.6 billion, up 161% year-over-year and above the $13.02 billion consensus. Its Super Intelligence business, which leases AI computing power and sells Grok products and Cursor, generated $7.6 billion, up 830%, while Connectivity revenue rose 69% to $5.2 billion with 13.6 million consumer subscribers. The company posted $2.8 billion in operating income and $4.4 billion in net income versus a $1.1 billion net loss a year earlier, though capital spending reached $19.6 billion and is expected to be $35 billion to $40 billion in the fourth quarter, and some margin benefit came from one-time tariff refunds. Elon Musk said a combination with Tesla 'would be a good idea', but the special committees have not agreed on any terms, and SpaceX guided first-quarter 2027 revenue to $33 billion to $37 billion. Shares rose 9.4% to $161.64 in early trading.
- SpaceX tops Q3 estimates as revenue surges 161% on Starlink, AI compute
SpaceX reported Q3 revenue of $14.6 billion, beating the $12.87 billion consensus and up 161% year over year, with its Super Intelligence (SI) division contributing $7.6 billion from computing deals with Anthropic and Google. The Connectivity segment brought in $5.2 billion and Space $1.8 billion, while net income rose to $4.4 billion versus an expected $1.88 billion. Adjusted EBITDA climbed 306% to $8.8 billion and operating income reached $2.8 billion, compared with a $273 million loss a year earlier. Shares rose 7.3% to $158.68 in after-hours trading, and Musk said "$1T in SpaceX revenue in 2028 is no longer impossible" and that SpaceX and Tesla have set up special committees to explore a possible merger. Capital expenditures totaled $19.6 billion, of which $16.4 billion went to scaling compute infrastructure.
- SpaceX Reports Earnings Today. Here Are the Key Numbers Investors Should Watch.
SpaceX (SPCX) is set to report third-quarter earnings after the market closes on October 20, 2026, with Wall Street expecting sales of $12.72 billion and earnings of $0.13 per share. The author is focused on Starlink's average revenue per user, which was $66 a month in the second quarter, flat from the first quarter but down from $85 a year earlier, and on whether price cuts are a growth tactic or a sign of a natural ceiling. For the space business, the key question is progress toward reliable, reusable Starship launches. In AI, the author will watch the gap between spending and revenue: SpaceX spent $15.8 billion on AI capital expenditures last quarter while booking $2.6 billion in segment revenue.
- SpaceX Jumps 8% on Q3 Revenue Beat as Musk Backs Tesla Merger Idea; Rocket Lab and AST SpaceMobile Edge Higher
SpaceX stock rose about 8% in morning trading to $159.94 after the company reported Q3 2026 results that beat analyst expectations, with revenue of $14.58 billion. On the earnings call, Elon Musk said SpaceX and Tesla have each formed special committees of independent directors to study a merger, while noting there is no agreement on terms and no guarantee of a deal. Musk said he thinks combining the companies would be a good idea, citing shared work in chip design, robotics and connectivity. The Procure Space ETF (UFO) rose 4% to $41.09, Rocket Lab gained 2% to $52.10 and AST SpaceMobile added 0.9% to $41.48, while the SPDR S&P 500 ETF Trust (SPY) was up 0.28% at $770.88.
- Tesla Earnings Prediction Market Preview: Will Elon Musk Discuss a SpaceX Merger?
Tesla (NASDAQ:TSLA) reports third-quarter earnings after the bell on Wednesday, a day after CEO Elon Musk confirmed that independent committees are exploring a merger with SpaceX (NASDAQ:SPCX). Analysts expect adjusted earnings of 43 cents a share on $27.88 billion in revenue.
Related markets
Latest news
- What Is a Bitcoin-Backed Loan? Borrowing Against BTC Explained
The article explains that Bitcoin-backed loans let holders pledge BTC as collateral to borrow dollars or stablecoins, keeping their Bitcoin exposure and often avoiding a taxable sale, though rules vary by jurisdiction. Loan-to-value ratios typically range from about 30% to 70%, and borrowers face margin calls or liquidation if Bitcoin's price falls sharply. Lenders are either centralized companies such as Ledn, Strike, Unchained, Nexo and Coinbase, or DeFi protocols such as Aave and Morpho. The market has returned in a more cautious form since Celsius and BlockFi went bankrupt in 2022, with published rates still running from about 5.8% to 14%. Galaxy Research put total crypto-backed loan volume at $56.16 billion in Q2 2026, down 16.8% from the previous quarter.
- How Ukraine’s drone strikes on Russia crippled the world’s second largest diesel supplier
Ukraine launched more than 1,000 drones at Russia on Sunday, setting ablaze an oil export terminal in St. Petersburg. According to Kpler, Russia's diesel exports fell more than 75% to 141,000 barrels per day in September from 608,000 a year earlier, as strikes on refineries and oil infrastructure rose to 31 in July from 11 in January. Kpler's Matt Smith said Trump's deal to boost Russian diesel exports is unlikely to work without an energy ceasefire. The national average diesel price reached $6.32 per gallon, nearly 75% above a year earlier according to AAA, while Middle East disruptions have cut global diesel exports by about 1 million barrels per day. The International Energy Agency expects diesel supplies to stay constrained well into 2027.
- AMD vs. Nvidia. 1 Metric Proves Which Is the Best Stock.
The article argues Nvidia is the better stock to buy over AMD, based on revenue growth and valuation. In 2026, AMD shares have risen about 150% while Nvidia has returned 16%. AMD's data center revenue rose 107% to $6.7 billion in Q2 and total revenue grew 50% to $11.5 billion, while Nvidia's data center business grew 117% to $89 billion and total revenue rose 106% to $96.2 billion. If both companies hit next year's earnings projections, Nvidia would trade at 13 times earnings versus 33.5 times for AMD, which the author sees as a large premium. AMD reports Q3 results on Nov. 3.
- Meet the Vanguard ETF That Just Bought SpaceX for the 4th Consecutive Month
The Vanguard Communication Services ETF (VOX) has added SpaceX shares every month since the company's June 12, 2026 IPO, lifting its holdings to 1,209,387 shares as of Sept. 30 from 632,077 on June 30. SpaceX is now the fund's seventh-largest holding, while major Vanguard market and growth ETFs have barely increased their holdings since June. The float is limited: about 2.3 billion shares have unlocked, or 17.5% of SpaceX's 13.18 billion outstanding shares, so its float-adjusted weight remains below what its $1.93 trillion market cap would imply. As more shares unlock, the article notes, SpaceX's float-adjusted weight should increase. Alphabet and Meta Platforms make up 47% of the fund.
- Elon Musk Can Build Terafab Faster Than Anyone, but Mass Production May Take Until 2030, Analyst Says
Elon Musk wants his Terafab semiconductor project to produce chips at scale by late 2028. A chip analyst who tracks equipment orders believes commercially significant output may not arrive until 2030. The analyst nonetheless said Musk can do it faster than anyone.
- “Your money is still safe”: Reassuring message for Russians reveals what happened to the internet system
Attacks from Ukraine on Russian data centers in October disrupted dozens of services, from taxi and food delivery to banking and email. According to NetBlocks, connectivity to Yandex Cloud fell to about 30% of normal after attacks between October 8 and 11, affecting 84 cloud services. Yandex confirmed one data center was severely damaged, another was shut down and a third was disrupted, and has not disclosed the full extent of the damage or a recovery timeline. Yandex Pay was still only partly working as of Monday, and dozens of court hearings across Russia were also disrupted by technical problems. According to T-Invariant, all three of Yandex's supercomputers are likely also heavily affected, which could leave Russia years behind in the AI race.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.