SpaceX's space segment posted $1.8 billion in revenue in Q3, up 6% year over year, but a $7 million operating loss versus $259 million in operating income a year earlier. The article attributes the loss mainly to $1.2 billion in R&D spending, which also supports the connectivity segment, the most profitable business. Connectivity revenue rose 69% to $5.2 billion and operating income rose 99% to $2.4 billion, accounting for most of SpaceX's $2.8 billion operating income for the quarter. Starlink had 13.6 million consumer subscribers at the end of Q3, up from 12 million at the end of Q2. The article argues that viewing space and connectivity as a package makes more sense, since launch capacity supports the Starlink network; once Starship is used commercially, a single launch carrying V3 satellites could add 20 times the network download capacity of a Falcon 9 launch.
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TSLA
• NeutralTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/22/2026 | 374.67 |
| Change that session | -3.05% |
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