Elon Musk announced that SpaceX revenue for the fourth quarter of 2026 is projected to reach approximately $25 billion. This figure represents a 70% increase compared to the previous quarter. For context, the company reported $14.575 billion in revenue for the third quarter, which was an 86.5% increase over the second quarter and a 161% rise year-over-year.
The projected quarterly revenue of $25 billion exceeds the total annual budget of NASA for the 2026 fiscal year, which stands at approximately $24.44 billion. Musk reiterated his forecast that the company's annualized revenue run rate will hit $100 billion by December 2026 and is expected to surpass $500 billion by the end of 2027.
The company is shifting its business structure, with government contracts expected to account for less than 10% of revenue in the fourth quarter, down from 16.6% in the prior period. Meanwhile, the AI computing segment is expanding, with Anthropic currently serving as the company's largest client in this sector.
Following the announcement at the Barron's investment conference in New York, SpaceX shares rose by 8.3% during Friday's trading session. The stock saw further gains of approximately 9% in extended trading, marking the largest increase in the company's share price in nearly three months.
