SpaceX posts its first profit as a public company as Starlink and AI revenue surge
SpaceX reported $2.8 billion of operating income for the third quarter, with Starlink revenue up 69% and its AI computing unit up about ninefold.
SpaceX reported consolidated operating income of $2.8 billion for the third quarter of 2026, against an operating loss of $273 million a year earlier, its first profit since listing in June 1.
Starlink revenue rose 69% to $5.2 billion, and its operating income doubled to $2.4 billion. The Super Intelligence segment, built from xAI, grew revenue about ninefold to $7.6 billion on computing-capacity deals with AI developers and wider use of its Grok model 1.
Spending remains heavy: capital expenditure was $19.6 billion in the quarter, more than its revenue, and SpaceX has turned to debt to buy chips. Its shares were about 38% below their June peak in early November 1.
- 1 The Motley Fool, SpaceX just delivered a monster quarter, but the stock is still down 38% from its high, 3 Nov 2026