SpaceX says big AI growth fueled revenue jump
SpaceX announced revenues of $14.6 billion in its Q3 earnings on Tuesday, which it says was a growth of 161 percent year-over-year "fueled by our Super Intelligence (SI) segment and accelerated growth in Connectivity." While its Space division posted a $7 million loss in income from operations, its Connectivity group posted income from operations $2.4 […]
Elon Musk's SpaceX reported a staggering $7.6 billion in revenues for its 'SI' business in Q3 2026, marking a remarkable 161 percent year-over-year growth. This surge was primarily driven by new cloud services agreements, the acquisition of Cursor, and increased adoption of Grok by enterprise customers and consumers. While SpaceX's Space division reported a $7 million loss, its Connectivity group generated $2.4 billion in operational income, and the SI segment contributed $431 million.
The company's 'SI' segment saw revenues up 830 percent year-over-year, fueling the overall revenue jump. SpaceX's Connectivity business reported $5.2 billion in revenues and 13.6 million Starlink consumer subscribers. Additionally, SpaceX's Space division reported revenues of $1.8 billion, up six percent year-over-year. The earnings report is SpaceX's second after its IPO in June.
The company has been actively busy, closing a $60 billion deal to acquire AI coding tool Cursor, launching its 13th Starship, and introducing a new V5 Starlink residential dish. Elon Musk's SpaceX plans to build out a terrestrial mobile network to compete with T-Mobile, AT&T, and Verizon.
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- SpaceX Q3 revenue soars 161% YoY on AI business growth, beating estimates economictimes.indiatimes.com
