Inferra AI / Company / SPCX
Space Exploration Technologies Corp.
SPCX · AI Watchlist
Last earnings Oct 20, 2026
Key results
Delivered revenuequarter
$14.6 billion
Delivered revenue of $14.6 billion , up 161% year-over-year, fueled by our Super Intelligence (SI) segment and accelerated growth in Connectivity Achieved income from operations of $2.8 billion ,
SEC original ↗Space Exploration Technologies Corp. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
Growthquarter
up 161%
Delivered revenue of $14.6 billion , up 161% year-over-year, fueled by our Super Intelligence (SI) segment and accelerated growth in Connectivity Achieved income from operations of $2.8 billion ,
SEC original ↗Space Exploration Technologies Corp. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
Net incomequarter
$4.4 billion
net income of $4.4 billion , and Adjusted EBITDA of $8.8 billion Successfully launched our first revenue-generating Starship mission , delivering 26 Starlink V3 satellites to our broadband constellation
SEC original ↗Space Exploration Technologies Corp. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
Revenuequarter
$8.8 billion
net income of $4.4 billion , and Adjusted EBITDA of $8.8 billion Successfully launched our first revenue-generating Starship mission , delivering 26 Starlink V3 satellites to our broadband constellation
SEC original ↗Space Exploration Technologies Corp. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
Revenues of $14.6 billion , up 161% from $5.6 billion N et income of $4.4 billion , an improvement of $5.5 billion from net loss of $1.1 billion Adjusted EBITDA of $8.8 billion , up 306% from $2.2 billion CFO Commentary We delivered another strong quarter in Q3.
SEC original ↗Space Exploration Technologies Corp. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
Revenue grew an impressive 161% year-over-year, fueled by continued momentum in Connectivity and a clear inflection in our Super Intelligence business .
SEC original ↗Space Exploration Technologies Corp. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
Space revenuequarter
$1.8 billion
Space revenues were $1.8 billion , up 84% sequentially and 6% year-over-year.
SEC original ↗Space Exploration Technologies Corp. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
Connectivity revenuequarter
$5.2 billion
Connectivity revenues were $5.2 billion , up 22% sequentially and 69% year-over-year , driven by an increase in consumer
SEC original ↗Space Exploration Technologies Corp. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
revenues up 26% sequentially and 57% year-over-year, and e nterprise government
SEC original ↗Space Exploration Technologies Corp. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
revenues up 18% sequentially and 91% year-over-year Drove income from operations for the Connectivity segment up 99% year-over-year to $2.4 billion, and improved Connectivity Adjusted EBITDA by 82% year-over-year to $3.5 billion As of September 30, 2026 , r eached 13.6 million Starlink c onsumer subscribers
SEC original ↗Space Exploration Technologies Corp. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
AI analysis
Q3 2026 · reported Oct 20, 2026
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
The quarter in charts
Segment mix
Business-unit revenue, as stated
Segment revenue figures as stated in the event record.
Headline figures
| Metric | Q3 2026 | Prior qtr | Year ago |
|---|---|---|---|
| Delivered revenue | $14.6 billion | — | — |
| Growth | up 161% | — | — |
| Net income | $4.4 billion | — | — |
| Revenue | $8.8 billion | — | — |
| Space revenue | $1.8 billion | — | — |
| Connectivity revenue | $5.2 billion | — | — |
Guidance · company-stated
No guidance located in the held release
Capital allocation
368 206 Payments for repurchase of common and redeemable convertible preferred stock ...................................................................
10,784 6,111 Debt and finance leases, current (related party of $2,181 and $455 at September 30, 2026 and December 31, 2025, respectively) .........................................................................................................................................................................
Event summary
Space Exploration Technologies Corp. Q3 2026 — Delivered revenue of $14.6 billion , up 161% year-over-year, fueled by our Super Intelligence (SI) segment and accelerated growth in Connectivity Achieved income from operations of $2.8 billion ,
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
No guidance located in the held release
Capital allocation
368 206 Payments for repurchase of common and redeemable convertible preferred stock ...................................................................
SEC original ↗Space Exploration Technologies Corp. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
10,784 6,111 Debt and finance leases, current (related party of $2,181 and $455 at September 30, 2026 and December 31, 2025, respectively) .........................................................................................................................................................................
SEC original ↗Space Exploration Technologies Corp. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
6,736 6,005 Debt and finance leases, net of current (related party of $10,716 and $4,052 at September 30, 2026 and December 31, 2025, respectively) ...............................................................................................................................................................
SEC original ↗Space Exploration Technologies Corp. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
(532) Loss on debt extinguishment ................................................................................................................................................
SEC original ↗Space Exploration Technologies Corp. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
(270) (213) Proceeds from debt and other financing obligations ..................................................................................................................
SEC original ↗Space Exploration Technologies Corp. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
51,834 10,947 Payment of debt issuance costs ..................................................................................................................................................
SEC original ↗Space Exploration Technologies Corp. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
Strategy & priorities
The combination of our launch leadership, recurring Starlink revenue, and the significant expansion of our SI infrastructure continues to drive meaningful operating leverage.
SEC original ↗Space Exploration Technologies Corp. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
We are building the infrastructure of the future with discipline focused on capital efficiency, strong returns on invested capital, and maintaining a robust, investment-grade balance sheet while moving with the velocity to capture the opportunity in front of us.
SEC original ↗Space Exploration Technologies Corp. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
Starlink c onsumer monthly ARPU improved 5% sequentially to $69 Activated Starlink across existing and new aviation partnerships, reach ing over 3,800 aircraft equipped wi th Starlink as of September 30, 2026 Total costs and expenses for the Connectivity segment were up $974 million year-over-year, driven primarily by our growing satellite constellation, Starlink K it deliveries , and marketing initiatives to support revenue growth Subsequent to the third quarter, entered into an agreement to acquire FCC licenses related to 800 MHz spectrum to advance our Starlink Mobile strategy.
SEC original ↗Space Exploration Technologies Corp. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
, local priority and global priority) subscription plans, but does not include managed enterprise and government customers with contracts in domains including aviation, maritime, land mobility, fixed sites, and government entities.
SEC original ↗Space Exploration Technologies Corp. — Earnings release (8-K exhibit)EX-99Oct 20, 2026
Risks & headwinds
Forward-looking statements are based on assumptions with respect to management s future and current expectations, involve certain risks and uncertainties, are not guarantees and apply only as of the date of this Quarterly Report on Form 10-Q, unless an earlier date is specified.
SEC original ↗Space Exploration Technologies Corp. — 10-Q Quarterly report10-QOct 22, 2026
Amounts which are subject to significant judgment and use of estimates include revenues recognized over time using the cost-to-cost input method, the determination of valuation allowances associated with deferred tax assets and estimates of tax liabilities, reserves for excess and obsolete inventory, fair value of assets acquired and liabilities assumed in business combinations and useful lives of finite-lived intangible assets acquired, fair value of goodwill, useful lives of property, plant, and equipment, the determination of incremental borrowing rate for lease liabilities, litigation and settlement costs, and the valuation and assumptions underlying share-based compensation.
SEC original ↗Space Exploration Technologies Corp. — 10-Q Quarterly report10-QOct 22, 2026
Earnings deck slides
1 deck with slide viewCompetitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
12 documentsEarnings releases
4 documentsPresentations
1 document- Other presentations
- SPCXDeck
Transcripts
0 documentsNo transcripts for Space Exploration Technologies Corp. are held in this edition of the library.
Mentioned by
2 companiesOther tracked companies whose held documents mention Space Exploration Technologies Corp. by name or ticker. A mention is counted once per document, from the document text the library holds.
“asts… …...................................................... $ 254,045 $ 92,079 11 Space Exploration Technologies Corp. Consolidated Statements of Cash Flows (in millions) (unaudited) Nine Months Ended September 30, 2026 2025 Cash flows ”
“...................................................... $ 192,770 $ 92,079 9 Space Exploration Technologies Corp. Selected Cash Flow Information (in millions) (unaudited) Six Months Ended June 30, 2026 2025 Net cash provided by (used… …R”
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