10:10 - 21.10.2026

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October 21, Fineko/abc.az. SpaceX released its Q3 2026 financial results, reporting a 161% year-on-year revenue surge to $14.6 billion, driven by massive growth in its AI operations and Starlink expansion.

The company turned around last year's Q3 net loss of $1.05 billion into a $4.4 billion net profit for the third quarter of 2026. AI-related revenue surged 830% to $7.6 billion, connectivity (Starlink) revenue rose 69% to $5.2 billion, and space launch revenues increased 6% to $1.8 billion. Starlink's subscriber base expanded to 13.6 million by the end of September.

During the investor call, SpaceX CEO Elon Musk projected the company's annualized revenue run-rate to reach $500 billion to $1 trillion by the end of 2027.