SpaceX says big AI growth fueled revenue jump

<figure> <img alt="Elon Musk with big green arrows pointing up." data-caption="" data-portal-copyright="Image: Cath Virginia / The Verge, Getty Images" data-has-syndication-rights="1" src="https://platform.theverge.com/wp-content/uploads/sites/2/2026/06/STKE012_SPACEX_IPO_2026_E.jpg?quality=90&#038;strip=all&#038;crop=0,0,100,100" /> <figcaption> </figcaption> </figure> <p class="wp-block-paragraph">SpaceX announced revenues of $14.6 billion in <a href="https://ir.spacex.com/files/content_files/SpaceX-Reports-Third-Quarter-2026-Results.pdf">its Q3 earnings on Tuesday</a>, which it says was a growth of 161 percent year-over-year "fueled by our Super Intelligence (SI) segment and accelerated growth in Connectivity." While its Space division posted a $7 million loss in income from operations, its Connectivity group posted income from operations $2.4 billion and its SI group posted $431 million.</p> <p class="wp-block-paragraph">The company's <a href="https://www.theverge.com/ai-artificial-intelligence/1009406/silicon-valley-is-falling-in-line-with-trumps-attempt-to-rename-ai" data-type="link" data-id="https://www.theverge.com/ai-artificial-intelligence/1009406/silicon-valley-is-falling-in-line-with-trumps-attempt-to-rename-ai">so-called "SI" business</a> saw revenues of $7.6 billion, which were up 830 percent year-over-year, "primarily driven" by "the activation of new cloud services agreements, the acquisition of Cursor, and increased Grok adoption across ente …</p> <p><a href="https://www.theverge.com/science/1014150/spacex-q3-2026-earnings">Read the full story at The Verge.</a></p>