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SpaceX Q3 revenue soars 161% to $14.6B with Starlink adding 1.6M users and strong profit growth.

Company Fundamentals
29 Oct 2026, 02:48 WIB
Prosper Junior Bakiny
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Bullish
SpaceX Q3 revenue soars 161% to $14.6B with Starlink adding 1.6M users and strong profit growth.

SpaceX reported a strong Q3 with revenue up 161% year-over-year to $14.6 billion and a net profit of $4.4 billion, reversing last year's loss. Starlink, its satellite internet service, grew revenue by nearly 70% to $5.2 billion and added 1.6 million new customers, reaching 13.6 million total. Despite a slight year-over-year drop, Starlink's average revenue per user rose sequentially, signaling improved customer mix and profitability. Looking ahead, SpaceX plans to launch 100,000 next-gen Starlink satellites using its new Starship rocket, which could lower costs and expand service, though execution and regulatory risks remain.

SpaceX’s Starlink customer growth and financial results provide context for readers interested in technology markets. For readers following technology stocks, here is Pluang's market snapshot as of Oct 29, 2026 02:31 WIB: out of 150 priced US tech stocks, 62 rose and 86 fell. Notable movers include Micron Technology (MU) up 5.22% with 68% sell orders, Nebius Group (NBIS) up 5.19% with 67% buy orders, and Duolingo (DUOL) down 5.24% with a near-even buy/sell split.

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