Netflix forecasts profit below estimates, shares fall more than 5%
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SpaceX posts $4.4 billion quarterly profit as AI business grows
Revenue reached $14.6 billion, while spending on data centers and the Starship rocket pushed capital expenditures to $19.6 billion.
SpaceX returned to profitability in the third quarter, reporting net income of $4.4 billion against a $1 billion loss in the year-earlier period. Revenue totaled $14.6 billion, the company disclosed in a regulatory filing on October 20, 2026.
Every business segment recorded growth, with the renamed “Super Intelligence” unit contributing particularly strongly. Its operations encompass Grok, the recently acquired coding tool Cursor and a neocloud business whose computing capacity stands at 1.7 GW.
The company also reported about $1 billion of income linked to recovering bitcoin prices. Related-party income contributed as well, although SpaceX did not disclose an amount.
Capital expenditures reached $19.6 billion amid construction of Colossus II, its second data center project, and greater investment in Starship. SpaceX considers the heavy-lift rocket essential for its planned next-generation Starlink satellites and orbital data centers.
CEO Elon Musk said he was spending four days each week at the Colossus II location in Memphis, Tennessee, helping prepare it for operation. He described power, cooling and infrastructure as bigger constraints than chips on superintelligence deployment and said SpaceX engineers were addressing those challenges.
The quarterly profit did not erase losses accumulated earlier in the year. SpaceX's net result for the first nine months remained a loss of $413 million.