Enterprise and government revenue in SpaceX's connectivity segment reached about $2.13 billion in Q3, up 91% year over year, outpacing consumer revenue, which grew 57% to about $3.12 billion. Together they form a connectivity segment of $5.25 billion, up about 69%, with enterprise and government making up roughly 41% of it, up from 36%. Starlink had about 12,000 aircraft under contract but only about 3,800 equipped by end-September, pointing to near-term growth room. The segment's operating margin improved from about 38% to 45%, though management cited a one-time tariff refund boost, and SpaceX does not disclose separate margins for business customers. Connectivity accounted for about $2.37 billion of SpaceX's $2.79 billion third-quarter operating profit, roughly 85%.
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Related tickers and likely impact
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/30/2026 | 204.81 |
| Change that session | -4.14% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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