SpaceX reported revenue of $14.6 billion for the third quarter of 2026, marking a 161% increase year-over-year. The company achieved a net income of $4.4 billion, recovering from a $1.1 billion loss in the same period last year. Adjusted EBITDA rose 306% to $8.8 billion, exceeding analyst expectations of $12.72 billion.
The Super Intelligence division became the primary revenue driver, generating $7.56 billion, an 830% increase from the previous year. Growth was attributed to new cloud agreements, adoption of Grok models, and the acquisition of the Cursor platform. SpaceX completed the Cursor purchase on August 14 at an implied equity valuation of $60 billion.
Capital expenditures for the Super Intelligence division reached $16.4 billion out of a total $19.6 billion spent by the company. Computing capacity grew to 1.7 gigawatts from 0.6 gigawatts. Meanwhile, the Connectivity business, including Starlink, reported revenue of $5.25 billion, reflecting a 69% growth compared to the previous year.
Following the earnings report, SpaceX shares rose 2% to nearly $151 in after-hours trading. Tokenized versions of the stock are available on platforms including Kraken, Binance, and Ondo Finance, trading near the underlying share price.
