SpaceX posts $14.6B quarterly revenue as AI segment drives profit

· Tech · United States

SpaceX reported third-quarter revenue of $14.6 billion, up 161% year over year, which it attributed to its Super Intelligence segment and accelerated growth in Connectivity. Net income reached $4.4 billion, with AI described as the engine of profitability. The Space division posted a $7 million loss in operating income, while the Connectivity group, home to Starlink, beat earnings estimates but missed subscriber growth targets. SpaceX also said capital spending could double this quarter as AI spending grows; AI spending came in below Wall Street expectations but above the prior quarter. On the same call, Musk said SpaceX will attempt to catch both Starship and its booster next month, aiming to recover an entire orbital launch system for the first time.

Why it matters：Satellite broadband and AI are now the profit drivers of a launch company, showing how space firms are being repriced around compute and connectivity.

Key points

  • Revenue of $14.6 billion marked 161% year-over-year growth
  • Space division operating income showed a $7 million loss
  • Next month's planned catch would be the first full recovery of an orbital launch system

Sources (original reporting)

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