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SpaceX reports $14.6 billion third-quarter revenue and a profit

SpaceX's earnings release, furnished with an 8-K on 20 October 2026, says its Super Intelligence (SI) segment, formerly reported as AI, had revenues of $7.6 billion in the quarter to 30 September.

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Check our sources · 7 facts from 1 source
The SpaceX headquarters building in Hawthorne, California, with the company name in large letters on a white facade under a clear sky.SpaceX / SpaceX Headquarters, Hawthorne, CA / CC0 1.0, cropped
SpaceX's headquarters in Hawthorne, California, in a photograph SpaceX released to the public domain; taken in September 2012. source · CC0 1.0

Key points

  1. SpaceX reported revenue of $14.6 billion, up 161% from $5.6 billion, and net income of $4.4 billion, against a net loss of $1.1 billion in the prior-year quarter.
  2. SpaceX says revenues of its Super Intelligence (SI) segment were $7.6 billion, up 830% year-over-year, attributed to new cloud services agreements, the acquisition of Cursor and increased Grok adoption.
  3. Nameplate compute reached 1.7 GW as of 30 September 2026, up from 1.4 GW on 30 June 2026 and 0.6 GW on 30 September 2025.

What happened

SpaceX furnished its earnings release, Exhibit 99.1 to a Form 8-K filed with the SEC on 20 October 2026, reporting results for the quarter ended 30 September 2026. SpaceX reported revenues of $14.6 billion, up 161% from $5.6 billion, and net income of $4.4 billion, against a net loss of $1.1 billion in the prior-year quarter.

SpaceX says revenues of its Super Intelligence (SI) segment, which it previously reported as Artificial Intelligence, were $7.6 billion, up 830% year-over-year, which it attributes to new cloud services agreements, the acquisition of Cursor and increased Grok adoption.

SpaceX says it completed its acquisition of Cursor on 14 August 2026, based on an implied equity value of $60 billion. Nameplate compute reached 1.7 GW as of 30 September 2026, up from 1.4 GW on 30 June 2026 and 0.6 GW on 30 September 2025.

What it means for you

Our view

These are SpaceX's own figures, from its earnings release, and the reasons given for the Super Intelligence (SI) segment's growth are SpaceX's attribution. Of the $14.6 billion in revenue, SpaceX reports $7.6 billion from SI, and it names cloud services agreements, the Cursor acquisition and Grok adoption as the causes.

For anyone buying AI services, the release shows a supplier whose nameplate compute has grown from 0.6 GW to 1.7 GW in a year. A nameplate figure alone does not tell you what capacity is available to a customer.

If you evaluate Grok, Cursor or SpaceX's cloud services, ask the vendor which capacity and pricing terms would apply to your contract.

It adds no new facts.

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Check our sources

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1 https://www.sec.gov/Archives/edgar/data/1181412/000162828026066482/spaceexplorationtechnologi.htm7 facts Open the source archived copy

  1. SpaceX's earnings release, Exhibit 99.1 to a Form 8-K (Item 2.02) filed with the SEC on 20 October 2026, reports results for the quarter ended 30 September 2026.

    Toned down to what the source says
    Filing index 0001628280-26-066482, last modified 2026-10-20; Form 8-K Item 2.02: On October 20, 2026, Space Exploration Technologies Corp. issued an earnings release announcing results for the quarter ended September 30, 2026. Exhibit 99.1: SpaceX Reports Third Quarter 2026 Results
    cite

  2. SpaceX reported revenues of $14.6 billion, up 161% from $5.6 billion.

    Revenues of $14.6 billion , up 161% from $5.6 billion
    cite

  3. SpaceX reported net income of $4.4 billion, against a net loss of $1.1 billion in the prior-year quarter.

    N et income of $4.4 billion , an improvement of $5.5 billion from net loss of $1.1 billion
    cite

  4. SI revenues were $7.6 billion, up 830% year-over-year, which SpaceX attributes to new cloud services agreements, the acquisition of Cursor, and increased Grok adoption.

    SI revenues were $7.6 billion , up 195% sequentially an d 830% year-over-year, primarily driven by the activation of new c loud services agreements , the acquisition of Cursor, and increased Grok adoption across enterprise customers and consumers
    cite

  5. Nameplate compute reached 1.7 GW as of 30 September 2026, up from 1.4 GW on 30 June 2026 and 0.6 GW on 30 September 2025.

    Expanded nameplate compute to 1.7 GW as of September 30, 2026 , up from 1.4 GW as of June 30, 2026 and 0.6 GW as of September 30, 2025 , as we continued the buildout of COLOSSUS II
    cite

  6. SpaceX says it completed its acquisition of Cursor on 14 August 2026, based on an implied equity value of $60 billion.

    SpaceX completed its acquisition of Cursor o n August 14, 2026 , based on an implied equity value of $60 billion
    cite

  7. SpaceX's release says Super Intelligence (SI) is the segment it previously reported as Artificial Intelligence (AI).

    Note 2. Other Definitions Super Intelligence (SI) refers to the operating and reportable segment previously reported as Artificial Intelligence (AI).
    cite

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