SpaceX revenue soars 161% as AI business grows
Summary
SpaceX's revenue rose 161% in the latest quarter compared to a year ago, reaching $5.2 billion from its Starlink internet service and AI business. The company made a $4.4 billion profit, recovering from losses in previous quarters.Key Facts
- SpaceX’s revenue grew 161% in the quarter ending September compared to the same quarter a year ago.
- The company earned $4.4 billion in profit, switching from a loss of $1.05 billion the previous year.
- Starlink, SpaceX’s satellite internet service, brought in $5.2 billion revenue, up 69% year-over-year.
- SpaceX’s AI unit turned profitable with $431 million income from operations after a big increase in AI spending.
- The company’s shares rose nearly 4% after the earnings announcement, valued at about $153.30 per share.
- SpaceX has a valuation of nearly $1.95 trillion as of the latest report.
- Elon Musk announced plans to give one SpaceX stock share to every U.S. child next year.
- This is SpaceX’s second quarterly earnings report since going public in June 2026.
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