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SpaceX shifts focus to AI, reporting $14.6B revenue and $4.4B net income in Q3, driven by AI and data centers.

Company Fundamentals
20 Oct 2026
TechCrunch
View Source
Bullish
SpaceX shifts focus to AI, reporting $14.6B revenue and $4.4B net income in Q3, driven by AI and data centers.

SpaceX reported $14.6 billion in revenue and $4.4 billion in net income for the third quarter, marking a significant turnaround from a $1 billion loss the previous year. The company's revenue growth is largely driven by its AI-focused business segment, now accounting for 52% of its income, including products like the Grok bot, Cursor coding tool, and its neocloud data centers with 1.7 GW of compute power. Despite heavy capital expenditures of $19.6 billion on projects like the Colossus II data center and Starship rocket development, SpaceX's profitability reflects strong demand and strategic shifts away from its traditional space roots toward artificial intelligence and cloud computing. This shift positions SpaceX as a growing player in AI and data infrastructure, with ongoing investments expected to support future growth.

SpaceX's AI business performance is the focus here, with Pluang providing a snapshot of the Technology sector as of Oct 21, 2026 03:11 WIB. Among 150 priced US tech stocks on Pluang, 108 rose and 40 fell today. Notable movers include HUBS (HubSpot Inc) at USD 249.93 with a 6.54% increase and 100% sell order activity, EGHT (8x8 Inc) at USD 2.13 up 6.50% also with 100% sell orders, and UMC (United Microelectronics Corp) at USD 19.68 down 5.90% with 86% sell and 14% buy orders. Typical hold times vary from 17 to 79 days across these stocks.

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