{
  "id": 15843297,
  "title": "SpaceX revenue surges 161% to $14.6 billion in Q3 on SI, Starlink growth",
  "url": "https://urgent.news/2026/10/21/spacex-revenue-surges-161-to-14-6-billion-in-q3-on-si-starlink-growth",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-21T02:44:50.000Z",
  "source": {
    "name": "Gulf News",
    "slug": "gulf-news",
    "url": "https://gulfnews.com/technology/spacex-revenue-surges-161-to-146-billion-in-q3-on-si-starlink-growth-1.500717828"
  },
  "original_language": "en",
  "account": "SpaceX, the company led by Elon Musk, reported a staggering 161% increase in revenue to $14.6 billion in the third quarter, fueled by robust growth in its Super Intelligence division and Starlink internet services. The company's net income soared to $4.4 billion, marking a stark contrast to a $1.1 billion loss in the same period last year.\n\nThe Super Intelligence segment, encompassing computing infrastructure, models, and software applications, led the revenue surge, growing 830% to $7.6 billion. This growth was attributed to new cloud services contracts, the acquisition of Cursor, and increased adoption of its Grok products by businesses. SpaceX allocated $6.7 billion to SI solutions and infrastructure.\n\nThe Connectivity segment, largely driven by Starlink, saw revenue increase 69% to $5.2 billion, with operating income jumping 99% to $2.4 billion. Starlink now boasts 13.6 million consumer subscribers, up from 7.2 million a year ago. The company added 1.6 million new subscribers during the quarter, with monthly average revenue per user reaching $69.\n\nSpace-related revenue grew 6% year-over-year to $1.8 billion. SpaceX executed 12 customer launches, with its first orbital Starship flight deploying 26 Starlink V3 satellites, expanding downlink capacity by around 10 times compared to a Falcon 9 Starlink launch. The results also indicated a significant increase in investment, with capital expenditure reaching $19.6 billion, up from $6.9 billion a year earlier, primarily due to spending on computing infrastructure.\n\nSpaceX's CFO emphasized the company's commitment to expanding its business while maintaining financial discipline, focusing on capital efficiency, strong returns on invested capital, and a robust balance sheet. The company's computing capacity reached 1.7 gigawatts by the end of the quarter, compared to 0.6 gigawatts a year earlier. Starship successfully deployed 26 Starlink V3 satellites, paving the way for potential human missions to Mars and satellite-to-phone services. Despite Wall Street's continued faith in SpaceX, some investors are expressing reservations about the company's upcoming IPO.",
  "summary": "Elon Musk-led aerospace giant SpaceX reported a 161 per cent year-on-year jump in revenue to USD 14.6 billion in the July-September quarter, driven by strong growth in its Super Intelligence business and Starlink connectivity services, as the aerospace company swung to a net profit.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}