SpaceX Q3 Revenue Jumps 161% to $14.6B; Swings to $4.4B Net Income
SPCX sits 41% above its 52-week low of $104.83.
Summary
SpaceX reported Q3 revenue of $14.6B, up 161% year-over-year, and net income of $4.4B versus a loss a year ago, driven by an 830% surge in its Super Intelligence segment. Capex of $19.6B in the quarter shows how much capital the growth is consuming.
Key Events · Earnings and Guidance · SPCX
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Q3 Revenue Nearly Triples
Revenue of $14.575B, up 161% from $5.576B a year ago and 87% above Q2's $7.814B.
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Swing to $4.4B Net Income
Net income of $4.404B versus a $1.054B loss a year ago; diluted EPS $0.35. Operating income was $2.791B and Adjusted EBITDA $8.809B.
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Super Intelligence Drives Growth
SI revenue reached $7.560B, up 830% YoY, on new cloud services agreements and the Cursor acquisition; segment operating income was $431M after $1.2B of acquisition-related stock compensation.
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Capex Hits $19.6B in Quarter
Q3 capex of $19.593B, including $16.444B in SI, bringing nine-month capex to $48.069B against $13.097B of operating cash flow.
Analysis · SPCX · Technology
SpaceX's second post-IPO quarter shows the business inflecting hard: revenue nearly tripled year-over-year to $14.6B and the company swung from a $1.1B loss to $4.4B of net income, with operating income of $2.8B versus a loss a year ago. The Super Intelligence segment did most of the work, growing 830% to $7.6B as cloud agreements and the Cursor acquisition came online, while Connectivity kept compounding at 69% growth with 13.6M Starlink subscribers. The offset is capital intensity: $19.6B of capex in a single quarter, $48.1B year-to-date, funded by the IPO proceeds and $51.8B of new debt. That spending is what will determine whether the margin improvement holds, and the 800 MHz spectrum deal announced October 8 adds a Starlink Mobile buildout that won't close until the first half of 2027.
How filings like this one have moved
In the 30 days to Oct 20, 2026, 44.5% of the 283 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.46%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, SPCX was trading at $148.00 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 filing was assessed with positive market sentiment and an importance score of 9 out of 10.