SpaceX reported third-quarter revenue of $14.6 billion, a 161% increase year-over-year, surpassing the $12.72 billion target. The company achieved a net income of $4.4 billion, compared to a loss of $1.1 billion in the same period last year. Earnings per share reached 45 cents, exceeding the expected 13 cents.
The AI division, bolstered by the acquisition of xAI, generated $7.56 billion in revenue, up from $813 million a year ago. SpaceX also completed the $60 billion acquisition of the AI startup Cursor. Starlink revenue rose 69% to $5.25 billion, with consumer segments contributing $3.12 billion and enterprise and government clients adding $2.13 billion.
Elon Musk announced that boards of SpaceX and Tesla have formed a committee to evaluate a potential merger. The company plans to increase data center capacity to 20 gigawatts by the end of 2027, up from 1.7 gigawatts. Capital expenditure for data center infrastructure is projected to reach $35–40 billion in the current quarter, compared to $19.6 billion previously.
CFO Bret Johnson stated that SpaceX is on track to reach a $100 billion annual recurring revenue run rate by year-end. Projections suggest this could grow to $500 billion–1 trillion by the end of 2027. For the fourth quarter of fiscal 2027, the company forecasts revenue between $33 billion and $37 billion.
