Space Exploration Technologies reported a significant revenue increase to $14.6 billion, primarily driven by a massive inflection in the Super Intelligence segment and continued expansion of the Starlink network. The company achieved a GAAP net income of $4.4 billion, representing a substantial turnaround from the $1.1 billion net loss reported in the prior year quarter.
Key Highlights
- Super Intelligence (SI) segment revenue reached $7.6 billion, an 830% increase year-over-year, following the acquisition of Cursor and the activation of new cloud services agreements.
- Connectivity revenue grew 69% year-over-year to $5.2 billion, supported by reaching 13.6 million Starlink consumer subscribers and a monthly ARPU of $69.
- Successfully launched the first revenue-generating Starship mission, delivering 26 Starlink V3 satellites which provide approximately 10x the downlink capacity of Falcon 9 launches.
- Scaled nameplate compute capacity to 1.7 GW as of September 30, 2026, up from 0.6 GW in the prior year.