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StocksMediumUpdated×15•Originally published 20 October 2026•Updated 20 October 2026•
1 min read

SpaceX swings to Q3 profit on Starlink and AI product growth

Key Facts

1Third-quarter revenue is expected at about $12.74 billion, with expected earnings per share of 14 cents.
2Total capital expenditure reached $18,369 million in the second quarter.
3Starlink subscribers rose to 12.0 million at the end of the second quarter, from 6.0 million a year earlier.
4Outstanding debt principal for the company and its subsidiaries totaled $38,433 million at the end of June.

SpaceX reported third-quarter earnings per share of $0.35 for 2026, reversing a loss of $0.36 from a year earlier. According to Reuters, the company generated total revenue of $14.58 billion, representing a 161% year-over-year increase and exceeding analyst estimates of $12.72 billion. Shares rose 2.2% in after-hours trading on Tuesday, October 20, 2026, following the announcement.

This turnaround follows a second-quarter net loss of $541 million, according to earnings statements filed with the U.S. Securities and Exchange Commission. The actual results significantly outperformed the 14 cents earnings per share expected by London Stock Exchange Group estimates, bolstered by a doubling of revenue from Starlink which had reached 12.0 million subscribers by the end of June 2026.

Latest Updates · 2

  1. Major·

    Update: Financial data revealed on October 20, 2026, that artificial intelligence products now account for 52% of SpaceX's total income. This shift marks the moment AI operations overtook the company's core space business as its primary source of revenue.

  2. Notable·

    Update: The company's quarterly profits exceeded analyst estimates alongside the revenue growth, as SpaceX's AI business segment bolstered overall results. Strong growth in this division supported the company's financial performance during the third quarter ended September 30, 2026.