Kuaikeji, October 21 - According to media reports, SpaceX, owned by Elon Musk, released its Q3 2026 financial report today.

Driven by the rapid expansion of the Super Intelligence Business and sustained growth of the Starlink Business, the company's revenue for the quarter surged by 161% year-over-year, turning losses into profits. Notably, revenue from the Super Intelligence Business skyrocketed by 830% year-over-year, becoming the company's largest revenue source for the first time.

The financial report shows that SpaceX's Q3 revenue reached $14.575 billion, up 161% from $5.576 billion in the same period last year and about 87% higher than the $7.814 billion in Q2.

In Q3, the company's operating profit reached $2.791 billion, compared to an operating loss of $273 million in the same period last year and an operating loss of $143 million in Q2. Net profit reached $4.404 billion, a significant improvement from the net loss of $1.054 billion in the same period last year, turning losses into profits.

Calculated under non-U.S. GAAP, the company's adjusted EBITDA in Q3 reached $8.809 billion, up 306% from $2.169 billion in the same period last year and about 149% higher than the $3.538 billion in Q2.

Breaking down by business, the Super Intelligence Business emerged as the primary driver of SpaceX's Q3 performance growth.

In Q3, SpaceX's Super Intelligence Business revenue reached $7.560 billion, up 830% from $813 million in the same period last year and 195% higher than the $2.561 billion in Q2, accounting for about 52% of the company's total revenue.

The operating profit of the Super Intelligence Business in Q3 reached $431 million, compared to an operating loss of $1.722 billion in the same period last year and an operating loss of $1.257 billion in Q2, turning losses into profits.

Notably, SpaceX completed its acquisition of Cursor on August 14, with an implied equity valuation of $60 billion for the transaction.

According to the financial report, Cursor contributed $608 million in revenue to SpaceX from the completion of the acquisition to September 30.

In terms of AI infrastructure, the company's nominal computing capacity reached 1.7 gigawatts by the end of September, up from 1.4 gigawatts at the end of Q2 and 0.6 gigawatts in the same period last year, primarily driven by the continuous expansion of the COLOSSUS II computing infrastructure.

Additionally, as another major revenue pillar for SpaceX, the Connectivity Business continued to show strong growth in Q3.

The financial report shows that SpaceX's Q3 revenue from the Connectivity Business reached $5.248 billion, up 69% year-over-year and 22% quarter-over-quarter. Operating profit reached $2.367 billion, up 99% year-over-year. Adjusted EBITDA reached $3.499 billion, up 82% year-over-year.

Among them, revenue from the Starlink Consumer Business was $3.121 billion, up 57% year-over-year and 26% quarter-over-quarter.

In terms of user base, as of the end of September, Starlink Consumer had 13.6 million subscribers, an increase of 1.6 million from 12 million at the end of Q2 and about 89% higher than 7.2 million in the same period last year. The average monthly revenue per user for Starlink Consumer reached $69.

SpaceX stated that Starlink's continued expansion in developed markets drove user growth. By the end of Q3, over 3,800 aircraft worldwide were equipped with Starlink services.