SPCX Space Exploration Technologies Corp.

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Space Exploration Technologies Beat Expectations

Tuesday, October 20, 2026 · 4:05 PM ET

Space Exploration Technologies (SPCX) reported earnings of $0.35 per share on revenue of $14.58 billion for the third quarter ended September 2026. The consensus earnings estimate was $0.10 per share on revenue of $12.59 billion. The Earnings Whisper number was $0.18 per share. The company beat expectations by 94.44%.

SpaceX is the only company building the integrated hardware and software infrastructure of the future across space, connectivity, and AI.

Earnings Whisper Grade
Power Rating
Reported Earnings
$0.35
Earnings Whisper®
$0.18
Consensus Estimate
$0.10
Earnings Surprise
Earnings Growth—
Reported Revenue
$14.58B
Revenue Estimate
$12.59B
Revenue Surprise
Revenue Growth—

*Reported earnings and revenue figures shown above, and any guidance given, are preliminary and may be updated upon further review.*

Earnings Conference Call Summary

SpaceX Reports Third Quarter 2026 Results

Tuesday, October 20, 2026 · 4:05 PM ET SPCX

  • Delivered revenue of $14.6 billion, up 161% year-over-year, fueled by our Super Intelligence (SI) segment and accelerated growth in Connectivity
  • Achieved income from operations of $2.8 billion, net income of $4.4 billion, and Adjusted EBITDA of $8.8 billion • Successfully launched our first revenue-generating Starship mission, delivering 26 Starlink V3 satellites to our broadband constellation, representing approximately 10x the downlink capacity added by a Falcon 9 Starlink launch
  • Continued to scale nameplate compute, reaching 1.7 GW as of September 30, 2026
  • Added $6.7 billion of incremental SI solutions and infrastructure revenue year-over-year, driven by cloud services agreements, the acquisition of Cursor, and our growing SI models and software applications, including Grok Bot • Delivered year-over-year revenue growth of 69% and income from operations growth of 99% for the Connectivity segment, supported by strong momentum in enterprise and government adoption, and continued Starlink consumer subscriber growth
SpaceX (Nasdaq: SPCX) announced the following financial results for the quarter ended September 30, 2026, as compared to the prior year quarter:
  • Revenues of $14.6 billion, up 161% from $5.6 billion
  • Net income of $4.4 billion, an improvement of $5.5 billion from net loss of $1.1 billion
  • Adjusted EBITDA of $8.8 billion, up 306% from $2.2 billion
For the full earnings release, please go here.