SpaceX Swings to $4.4 Billion Q3 Profit After $541 Million Loss
Updated
Updated · The Washington Post · Oct 20
SpaceX Swings to $4.4 Billion Q3 Profit After $541 Million Loss
3 articles · Updated · The Washington Post · Oct 20
Summary
$4.4 billion in third-quarter profit marked SpaceX’s first profitable quarter since its June stock-market debut, reversing a $541 million loss reported for Q2.
Q3 revenue jumped 161% to $14.6 billion, with management saying data-center leasing, AI operations and Starlink helped offset heavy investment spending.
Elon Musk told investors he expects revenue to keep rising, projecting annual recurring revenue of $500 billion to $1 trillion by the end of 2027 versus about $27 billion recorded so far in 2026.
The turnaround follows SpaceX’s disclosure earlier this year that it had accumulated $13 billion in losses since the start of 2023, underscoring how much its AI and satellite bets now matter.