SpaceX Shares Rise 9.5% After First Profit Driven by AI Business
SpaceX posted $4.4 billion in third-quarter net income on $14.6 billion in revenue, and its shares climbed 9.5% in early trading.
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what happened
GuruFocus reports that SpaceX earned $4.4 billion in net income in the third quarter on revenue of $14.6 billion. Sales grew 161% from a year earlier, and by 9:35 a.m. Eastern the stock was up 9.5% at $161.82.
According to the company's earnings release, its AI segment brought in $7.56 billion, about 52% of total sales. Connectivity generated $5.25 billion and space operations $1.77 billion. AP notes that AI has now overtaken the other businesses in sales, while Starlink, which ended September with 13.6 million consumer subscribers, still produces most of the profit.
Meanwhile, AI capital spending reached $16.44 billion in the quarter, more than twice that segment's revenue.
why it matters
GuruFocus puts the market capitalization at $2.20 trillion and assigns a GF Score of 15 out of 100, suggesting the share price is running well ahead of its fundamentals. Investors now want proof that the heavy AI investment can generate lasting cash flow, and one profitable quarter does little to settle that question.
market impact
SpaceX shares and AI-linked stocks: strong profit supports the stock, but heavy AI spending keeps cash-flow doubts in focus
tags
instruments
sources
- SpaceX Stocks Jump 9.5% as AI Revenue Powers First Public Profit — gurufocus.com, 21 October 2026 at 18:19 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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