SpaceX reports its second quarterly earnings since June's IPO, with analysts forecasting a record $12.72bn in revenue driven by Starlink connectivity and AI cloud deals.
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01Summary
- 01Analysts expect SpaceX Q3 2026 revenue of $12.72bn, with AI revenue of $6.47bn, connectivity sales of $4.84bn, and space revenue of $1.41bn, per LSEG and StreetAccount.
- 02SpaceX closed its $60bn purchase of AI startup Cursor in Q3 and earlier acquired xAI in February.
- 03The company struck cloud computing deals with Google, Anthropic, Reflection AI and an unnamed customer worth potentially tens of billions of dollars annually.
- 04SpaceX is reportedly seeking up to $40bn to buy more Nvidia chips for its AI expansion.
- 05Speculation about a possible merger with Tesla has grown after SpaceX COO Gwynne Shotwell said it 'might make Elon's life a little easier'.
02Why it matters
The results will reveal how SpaceX is diversifying beyond rockets into a telecom and AI powerhouse, and whether a merger with Tesla could reshape two of Musk's biggest public companies.
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