SpaceX Q3 Net Income Hits $4.4B, More Than Double Forecast, on Ninefold AI Revenue Surge
SPCX sits 52% above its 52-week low of $104.83.
Summary
SpaceX posted Q3 net income of $4.4B, more than double the $1.88B consensus, on revenue of $14.6B, up 161% year-over-year. The AI unit Super Intelligence drove the swing: revenue rose more than ninefold to $7.56B and operating profit came in at $431M versus a $1.7B loss a year earlier. Starlink added subscribers to 13.6M, short of the 14.2M forecast, but communications revenue still rose 69% to $5.25B and beat expectations. Shares rose as much as 4.7% after hours; the stock went public in June at $135 and closed the regular session at $147.79. This follows the 8-K filed at 20:00 ET and the Q2 report in August, when revenue was $7.8B and the company was still posting a net loss — the profitability flip is the story here.
At the time of this announcement, SPCX was trading at $159.70 on NASDAQ in the Technology sector, with a market capitalization of approximately $2T. The 52-week trading range was $104.83 to $225.64. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Bloomingbit.