SpaceX’s revenue jumps in second-ever earnings report amid Starlink turmoil
Elon Musk’s company reports a 161% growth in revenue year over year driven by its Starlink and AI segments SpaceX released its second-ever public earnings report on Tuesday, revealing a far better quarter than Wall Street projected. Elon Musk’s company, which encompasses rockets, artificial intelligence and satellite communications, reported a 161% growth in revenue year over year, driven by its Starlink and AI segments.
The company declared $14.58bn in revenue against analysts’ projected $12.72bn. SpaceX reported earnings per share of 35 cents and a net income of $4.4bn. The company’s stock, which started the day down around 8% for the year, shot up 2% in after hours trading immediately after the results.
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The GuardianSource headline and summary supplied via NewsData.io. First collected by NewsJaws on 2026-10-21. This is an automated news brief, not original NewsJaws reporting. Dates reflect the source publication. Feed delays may apply.