SpaceX reports Q3 2026 results with revenue surge and AI growth
+2 new sources since this summary was written
SpaceX (SPCX) posted third‑quarter 2026 revenue of $14.6 billion, up 161% year‑over‑year, driven by a surge in its AI computing business. The company earned $0.35 per share, beating expectations, and posted a net income of $4.4 billion after a loss a year earlier. Capital expenditures reached $19.6 billion, largely for AI infrastructure, while the firm announced a plan to give one share to every U.S. child next year. Analysts lifted price targets, with Goldman Sachs to $230 and Morgan Stanley to $300.
Why it matters
The earnings beat and strong AI revenue lift the stock, with analysts now seeing a 47% upside to a $217.5 target (TipRanks). The large AI‑focused capex indicates continued cash burn, so investors must watch future profitability.
Key facts
- 1Q3 2026 revenue was $14.6 billion, up 161% YoY. tipranks.com
- 2Adjusted EBITDA for Q3 was $8.81 billion. grafa.com
- 3Capital expenditures in Q3 totalled $19.59 billion. grafa.com
- 4Earnings per share were $0.35, beating the $0.16 consensus. tipranks.com
- 5Net income for the quarter was $4.4 billion, reversing a $1.1 billion loss a year earlier. tipranks.com
- 6AI division revenue was $7.6 billion, an 830% increase YoY. tipranks.com
Summary written by AlphAI AI Desk from 13 of 13 sources. Not investment advice. Figures are as stated by the linked sources.