SpaceX reports third-quarter revenue of $14.6 billion and net income of $4.4 billion

SpaceX reported third-quarter 2026 revenue of $14.6 billion, up 161% from $5.6 billion a year earlier. Net income was $4.4 billion, an improvement of $5.5 billion from a net loss of $1.1 billion in the prior-year quarter.

Adjusted EBITDA, a non-GAAP measure, was $8.8 billion, up 306% from $2.2 billion. The Super Intelligence segment produced revenue of $7.6 billion, up 830% year-over-year, which SpaceX attributed primarily to new cloud services agreements, the acquisition of Cursor and increased Grok adoption.

SpaceX said SI income from operations was $431 million, inclusive of $1.2 billion in share-based compensation from the Cursor acquisition. Connectivity revenue was $5.2 billion, up 69% year-over-year, and Starlink consumer subscribers reached 13.6 million as of September 30, 2026.

SpaceX completed its acquisition of Cursor on August 14, 2026, at an implied equity value of $60 billion. Capex for the quarter totaled $19,593 million, of which SI accounted for $16,444 million.