Space Exploration Technologies posts $14.6 billion Q3 revenue and $4.4 billion net income

what happened

Space Exploration Technologies published its third-quarter 2026 results, according to TradingView. Revenue rose to $14.6 billion from $5.6 billion a year earlier, and net income reached $4.4 billion, compared with a loss of $1.054 billion in Q3 2025. Adjusted EBITDA came in at $8.8 billion, and operating income was $2.8 billion.

Revenue in the Super Intelligence (SI) segment reached $7.6 billion, driven by new cloud services agreements, the Cursor acquisition, higher Grok adoption and the launch of Grok Bot. Nameplate compute capacity grew to 1.7 GW as of September 30, 2026. Starlink consumer subscribers rose to 13.6 million, up 1.6 million in the quarter, and aviation partners have equipped more than 3,800 aircraft.

SI capital expenditure in the quarter totaled $16.4 billion, including spending on COLOSSUS II. The company completed the Cursor acquisition on August 14, 2026, and agreed to buy up to 14 MHz of paired 800 MHz nationwide spectrum for Starlink Mobile, with closing expected in the first half of 2027, subject to approvals.

why it matters

The key signal for markets is that heavy investment in compute and satellite connectivity is coinciding with a rapid swing to profit. Figures of this size matter for expectations across the space, AI and telecom sectors and can affect related stocks and bonds. The data comes from documents filed with the SEC and contains no forecasts.

market impact

Space, AI and satellite connectivity: strong results support investor interest in the sector

tags

instruments