The 5 Most Important Numbers From SpaceX’s Earnings

SpaceX reported strong Q3 2026 earnings with $14.6 billion in revenue, nearly double the prior quarter, driven by AI compute deals generating over half of total revenue. Starlink added 1.6 million subscribers and achieved a 45% operating margin. The company is rapidly expanding compute capacity from 1.4 GW to 1.7 GW, but capital expenditures of $19.6 billion are outpacing operating cash flow, though the company's strong balance sheet of $90 billion in cash supports continued growth.