SpaceX (SPCX) Q3 2026 Earnings Call Transcript

Top StorySpaceX (SPCX) Q3 2026 Earnings Call Transcript

The Globe and Mail

SpaceX reported $14.6 billion in Q3 revenue, up 161% year-over-year, with net income reaching $4.4 billion compared to a $1.1 billion loss in Q3 2025. Adjusted EBITDA tripled to $8.8 billion. Starlink added 1.6 million subscribers, bringing its global total to 13.6 million, while mobile users surged to 22 million monthly. AI revenue from data center leasing grew tenfold to $7.6 billion, supported by partnerships with Anthropic and Google.

Capital expenditures hit $19.6 billion, with Q4 guidance projecting up to $40 billion as SpaceX accelerates AI infrastructure and Starship development. Musk framed the company as at an "inflection moment," projecting annual revenue potential of $500 billion to $1 trillion by 2027.

Investment implication: SpaceX's profitability validates its post-IPO strategy, particularly its focus on AI and Starlink. For you, these results may shift market benchmarks for growth and valuation in the space and AI sectors, influencing competitive positioning and investment flows.