TREE NEWS reports: SpaceX reported third-quarter 2026 revenue of $14.6 billion, up 161% year over year, with net profit of $4.4 billion versus a $1.1 billion net loss a year earlier. Adjusted EBITDA rose 306% to $8.8 billion. Capital expenditure totaled $1.96 billion, mainly for superintelligence compute buildout, Starship infrastructure and satellite production, and is expected to climb to $3.5–4.0 billion in the fourth quarter.
SpaceX Q3 revenue jumps 161% to $14.6B, net profit $4.4B
AI take
The swing from a net loss to a multi-billion profit, paired with EBITDA growth outpacing revenue, suggests operating leverage is now showing up rather than just top-line expansion. The detail that matters for markets is where the capex is going: superintelligence compute and Starship infrastructure signal that profitability is being reinvested into speculative capacity, not harvested. The step-up in planned fourth-quarter capex is the number to watch, since it will test whether margins hold as spending accelerates.
Generated by AI for reference only.
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