{
  "id": 15885435,
  "title": "The 5 Most Important Numbers From SpaceX’s Earnings",
  "url": "https://urgent.news/2026/10/21/the-5-most-important-numbers-from-spacexs-earnings",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-21T12:17:02.000Z",
  "source": {
    "name": "Motley Fool",
    "slug": "motley-fool",
    "url": "https://www.fool.com/investing/2026/10/21/the-5-most-important-numbers-from-spacex-s-earnings/?source=iedfolrf0000001"
  },
  "original_language": "en",
  "account": "SpaceX reported its third-quarter earnings on October 20th, exceeding analyst expectations across the board. The company reported $14.6 billion in revenue, nearly double the $7.7 billion from the previous quarter, driven primarily by its AI compute deals. Operating income increased to $2.8 billion, up from a $273 million loss a year ago. The Super Intelligence segment, encompassing Grok AI models, Cursor coding company acquisition, and cloud computing services, generated $7.6 billion in revenue, making up over half of the company's total. Starlink, SpaceX's satellite internet service, reached 13.6 million consumer subscribers, a 89% increase from a year ago, with 1.6 million additions in the third quarter. The service operates on a $69 monthly average revenue per customer, down from $83 a year prior, as SpaceX targets lower-priced markets and cheaper plans. Despite the subscriber growth, Starlink remains the most profitable division, generating $2.4 billion in operating income on $5.2 billion in revenue, representing a 45% operating margin. SpaceX's compute capacity has grown from 1.4 gigawatts at the end of the second quarter to over 1.7 gigawatts three months later, on track to surpass 2 gigawatts by year-end. At a midpoint pricing, 1 gigawatt of new capacity would be worth about $40 billion in annual revenue. However, the company has already spent $19.6 billion on capex this quarter, with $16.4 billion specifically for AI computing. With $90 billion in cash and securities and less than $40 billion in debt, SpaceX is financially robust to sustain its growth; yet, as CEO Elon Musk has hinted, the company could aim for 10 GW of capacity by the end of 2027, potentially increasing capex. Despite its premium valuation at 93 times forward earnings, SpaceX's robust growth trajectory and profitability make it an intriguing investment with potential for a more attractive valuation in the future.",
  "summary": "Growth is accelerating, and rocket launches are not the biggest part of the business.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nasdaq Markets",
        "title": "The 5 Most Important Numbers From SpaceX’s Earnings",
        "url": "https://urgent.news/2026/10/21/the-5-most-important-numbers-from-spacexs-earnings-15893549",
        "published": "2026-10-21T12:37:02.000Z"
      }
    ]
  },
  "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."
}