SpaceX Q3 revenue rises 161% to $14.6 billion, report says

SpaceX reported a 161% year-on-year increase in third-quarter revenue to $14.6 billion on October 20, exceeding the $12.72 billion analyst estimate compiled by LSEG, according to Economic Times Markets, citing Reuters. The report attributed the increase to rapid growth in artificial intelligence operations and continued expansion of the Starlink satellite-internet business.

According to the account, most AI revenue came from leasing data-centre computing capacity to developers, including Anthropic, Google and Reflection AI, rather than from the company’s own AI models. Connectivity remained its main revenue source, while the AI division continued to incur substantial operating losses. The company warned that sustained investment would be needed before AI operations could deliver consistent profits.

Starlink continued to gain subscribers as satellite deployments and services expanded. However, SpaceX warned that cheaper subscriptions and expansion beyond wealthier countries could reduce average revenue per user over time. Spending on network capacity, coverage and direct-to-device mobile services remained significant.