SpaceX reports $14.6 billion quarterly revenue and guides above Wall Street estimates
SpaceX third-quarter revenue rose 161% year over year to $14.6 billion, and first-quarter 2027 guidance beat Wall Street expectations, Barron's reports.
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what happened
According to Barron's, SpaceX posted third-quarter revenue of $14.6 billion, up 161% from a year earlier. The company guided to first-quarter 2027 revenue of $33 billion to $37 billion, while analysts had projected $22 billion. Shares rose 10% after the report.
SpaceX ended the quarter with about 1.7 gigawatts of AI computing capacity and plans to reach up to 3 gigawatts by year-end. Elon Musk said the company plans to add another 10 to 20 gigawatts in 2027. He said new compute deployments currently pay back in less than a year. SpaceX did not respond to a Barron's request for comment.
The Colossus I data center in Memphis became operational in 122 days, while reaching its planned capacity of about 0.4 gigawatts took 276 days. William Blair analyst Louie DiPalma said the company may use new form factors to reach the 20 gigawatt upper bound.
why it matters
Investors are weighing SpaceX on its speed of building AI data centers, not only on rockets. If that pace holds, the company could capture a significant share of computing capacity, which supports investor interest in the stock. On Wednesday shares were up 10.1% at $162.76 while the S&P 500 gained 0.4%.
market impact
SpaceX shares and AI infrastructure: strong results and compute demand support the stock
tags
instruments
sources
- The Real SpaceX Moat Isn't Rockets-It's How Fast It Can Build Data Centers — Barrons.com, 21 October 2026 at 18:27 UTC
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