SpaceX Reports 14.58 Billion Dollars in Third-Quarter Revenue As AI and Starlink Drive Growth
SpaceX posted third-quarter revenue of 14.58 billion dollars, beating the LSEG consensus estimate of 12.72 billion dollars, Il Sole 24 ORE reported. The figure represents a 161 percent increase compared to the same period of the previous year, according to data from Milano Finanza. Net income reached 4.4 billion dollars, exceeding market expectations of 1.57 billion dollars and reversing a loss from a year earlier, as reported by la Repubblica.
Following the after-hours earnings release, the company’s stock rose about 2.5 percent, tracking broader positive movements on Wall Street where the Dow Jones gained one percent, according to Milano Finanza. The financial results arrive following the company’s June public listing on the Nasdaq, which gave Elon Musk 85 percent of the voting rights, as detailed by la Repubblica.
Artificial Intelligence Generates 7.56 Billion Dollars in Quarterly Revenue
The artificial intelligence division generated 7.56 billion dollars in revenue during the quarter, making it the company’s largest business unit by sales, according to la Repubblica. This revenue increase stems largely from the integration of xAI, the artificial intelligence company founded by Musk and acquired by SpaceX in February, Il Sole 24 ORE reported. The AI unit posted an operating income of 431 million dollars, marking the first time the division has achieved profitability, according to SEC documents cited by Il Sole 24 ORE.
Beyond developing advanced models such as Grok, the division generates substantial income by renting out computing power and data center infrastructure to external clients, including Anthropic, Google, and Reflection AI, according to la Repubblica. During the same quarter, SpaceX completed the acquisition of Cursor, a startup specializing in AI software-writing tools, la Repubblica added.
Starlink Reaches 13.6 Million Subscribers As Satellite Revenue Climbs
The satellite connectivity division, anchored by the Starlink network, produced 5.25 billion dollars in revenue during the third quarter, marking a nearly 70 percent increase compared to the previous year, according to la Repubblica and Il Sole 24 ORE. The unit recorded an operating income of 2.367 billion dollars, Il Sole 24 ORE reported. Starlink subscribers grew by 88.9 percent to reach 13.6 million, adding 1.6 million users in three months, according to la Repubblica.
The expansion reflects growing demand in international markets where terrestrial infrastructure remains limited or costly to build, Il Sole 24 ORE stated. Meanwhile, the traditional space division—covering rocket launches, cargo transport, and the development of Starship for future lunar missions—generated 1.77 billion dollars, la Repubblica noted. SpaceX completed 35 launches during the quarter, consisting of 23 internal missions and 12 for external customers, according to la Repubblica.
Capital Expenditures Accelerate to Fund Infrastructure Expansion
SpaceX invested 19.6 billion dollars during the third-quarter period, nearly triple the amount spent a year earlier, according to la Repubblica. Out of that total, 16.4 billion dollars went directly toward artificial intelligence infrastructure, according to BeInCrypto. Chief Financial Officer Bret Johnsen explained that total expenses could reach 35 to 40 billion dollars in the fourth quarter, roughly double what Wall Street anticipated, as reported by BeInCrypto.
The company’s order book expanded by 50 percent year-over-year, extending through 2027 and demonstrating ongoing client demand, Milano Finanza reported.
Frequently Asked Questions About SpaceX Financials
How much did SpaceX spend on artificial intelligence infrastructure during the third quarter?
SpaceX allocated 16.4 billion dollars to artificial intelligence infrastructure out of total quarterly investments amounting to 19.6 billion dollars, according to BeInCrypto.
Who are the external clients utilizing SpaceX data center infrastructure?
External customers renting computing power from the company’s data centers include Anthropic, Google, and Reflection AI, la Repubblica reported.
What was the operating income for the Starlink connectivity division?
The Starlink connectivity division recorded an operating income of 2.367 billion dollars during the third quarter, according to Il Sole 24 ORE.
How many rocket launches did SpaceX execute in the reported quarter?
SpaceX completed 35 total launches during the quarter, which included 23 internal missions and 12 payloads for external clients, according to la Repubblica.