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Elon Musk’s SpaceX posts first profit since going public

SpaceX reported a profit for the third quarter of 2026, with revenue jumping 161% to $14.58 billion. The company's artificial intelligence business grew significantly, overtaking Starlink in revenue. This marks the first profit since SpaceX went public. The profit was $4 for the three months through September.

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  • ✓ SpaceX revenue jumped 161% to $14.58 billion in the third quarter.
  • ✓ SpaceX's AI revenue overtook Starlink for the first time.
  • ✓ The company's profit for the three months through September was $4.
  • ✓ This marks the first profit since SpaceX went public.
🛡️ Source Corroboration: 12 independent reporting domains (85% confidence) ⏱ Read time: ~2 min

What changed

SpaceX reported a profit in the third quarter of 2026, marking a shift from previous losses.

Live updates

  1. Elon Musk's SpaceX posts first profit since going public

    SpaceX reported a profit for the third quarter of 2026, with revenue jumping 161% to $14.58 billion. The company's artificial intelligence business grew significantly, overtaking Starlink in revenue. This marks the first profit since SpaceX went public. The profit was $4 for the three months through September.

    Why it matters

    SpaceX, led by Elon Musk, has been investing heavily in its satellite communications and artificial intelligence businesses. The company's financial performance has been closely watched by investors and industry analysts. A profitable quarter could indicate a turning point for the company. SpaceX's growth in AI revenue is a significant development.

    What is confirmed

    • SpaceX revenue jumped 161% to $14.58 billion in the third quarter.
    • SpaceX's AI revenue overtook Starlink for the first time.
    • The company's profit for the three months through September was $4.
    • This marks the first profit since SpaceX went public.

    Still unconfirmed

    • Elon Musk hinted at a possible merger with Tesla.

    What to watch next

    • SpaceX's future quarterly earnings reports
    • Development of SpaceX's AI business
    • Any updates on a potential merger with Tesla
    Sources used for this update (13)
    1. finance.yahoo.com — Yahoo Finance - Stock Market Live, Quotes, Business & Finance News
    2. help.naver.com — Futures Flat As Oil Rebounds After Trump's "Energy Ceasefire" Unravels, Memory Stocks Slide | ZeroHedge
    3. fortune.com — Hachette’s CEO says AI shortcuts are creating a ‘worse C-suite'
    4. Yahoo Finance — SpaceX earnings: Live updates
    5. ABC News - Breaking News, Latest News and Videos — SpaceX revenue soars 161% as AI business grows
    6. The Washington Post — Elon Musk’s SpaceX posts first profit since going public
    7. Business Insider — Starlink's Subscriber Growth Missed. Its Profits Didn't.
    8. The New York Times — SpaceX Swings to a Profit, as A.I. Business Grows
    9. en.sedaily.com — Musk's SpaceX Swings to Profit as AI Revenue Overtakes Starlink - Seoul Economic Daily
    10. whdh.com — Elon Musk’s SpaceX reports a profit and he hints at a possible merger with Tesla - Boston News, Weather, Sports | WHDH 7News
    11. www.ksat.com — Elon Musk's SpaceX reports a profit and he hints at a possible merger with Tesla
    12. finance.yahoo.com — Elon Musk's SpaceX reports a profit and he hints at a ...
    confidence 85%
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