$7.6B
SpaceX now makes more from AI than from Starlink
Video coming soonSpaceX made $7.6 billion from AI last quarter, more than its Starlink business brought in. The company reported the figure in its third-quarter results, filed with the SEC on Tuesday.
What happened
SpaceX reported $14.6 billion in revenue, up 161% from $5.6 billion a year earlier. Its AI segment, called Super Intelligence, grew more than ninefold from $813 million. SpaceX says new cloud services deals, its Cursor acquisition and Grok adoption drove the jump. Its Starlink connectivity business brought in $5.2 billion, up 69%. Net income was $4.4 billion, against a $1.1 billion loss a year earlier. It spent $16.4 billion on AI capital projects in the quarter.
Also today
- DHS orders DeepSeek off federal civilian systems. Homeland Security published the order on Tuesday. It bars DeepSeek products from federal civilian agency purchases. Agencies must also remove them, including third-party tools built using DeepSeek.
Read the transcript
SpaceX made $7.6 billion from AI last quarter, more than Starlink brought in. In third-quarter results filed on Tuesday, SpaceX reported $14.6 billion in revenue. That is up 161% from a year ago. Its AI segment grew more than ninefold. SpaceX says new cloud deals and its Cursor acquisition drove the jump. SpaceX made $4.4 billion in net income. But it spent $16.4 billion on AI projects in one quarter. We think SpaceX is now as much an AI landlord as a rocket company. The bigger question is how long spending can run this far ahead of revenue. Also today: the Department of Homeland Security ordered DeepSeek products off federal civilian systems. That includes third-party tools built on DeepSeek.
That's your byte. Sources at sixtybytes.com.
Sources
- SpaceX — SpaceX Reports Third Quarter 2026 Results (Form 8-K, Exhibit 99.1)
- SEC EDGAR — SpaceX Form 8-K filing index, October 20, 2026
- Department of Homeland Security (Federal Register) — Notice of Order Regarding Exclusion and Removal of DeepSeek Products From Federal Civilian Executive Branch Information Technology Systems and Procurements
Not financial advice.
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