SpaceX projects revenue for the first quarter of 2027 to reach between $33 billion and $37 billion. This forecast follows the third quarter of 2026, where the company reported revenue of $14.58 billion, marking a 161% year-over-year increase.
The Super Intelligence unit, which manages the company's AI compute operations, generated $7.56 billion in the third quarter of 2026. This accounts for 51.9% of total revenue, surpassing the combined earnings of the space and connectivity segments.
To support its growth, SpaceX aims to increase its compute capacity from 1.7 gigawatts as of September 30, 2026, to between 2.5 and 3 gigawatts by the end of the fourth quarter of 2026. The company plans to add another 10 gigawatts in 2027.
Achieving these capacity targets requires the monthly deployment of approximately 200,000 NVIDIA GPUs, primarily utilizing the Vera Rubin architecture. Capital expenditure for the fourth quarter of 2026 is projected to be between $35 billion and $40 billion.
CEO Elon Musk has projected annual recurring revenue of $500 billion to $1 trillion by the end of 2027. Additionally, SpaceX intends to establish independent director committees to explore a potential merger with Tesla.
