SpaceX posts first profit: $4.4B net income in Q3

SpaceX reported $4.4 billion in net income for July–September 2026, reversing a $1.1 billion loss a year earlier. Revenue rose 161% to $14.6 billion, driven by Starlink ($5.2 billion) and AI computing, which posted $431 million in operating profit. Quarterly capex reached about $19.6 billion.

• Net income of $4.4B versus a $1.1B loss a year earlier
• Revenue up 161% to $14.6B, above the ~$12.7B estimate
• Starlink brought in $5.2B; launch revenue was just $1.77B
• Capex of $19.6B exceeds quarterly net income