19 Hrs
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Sharjah24
SpaceX's revenue up 161% to $14.6B
SpaceX recorded a significant increase in its revenues, which rose by 161% during the third quarter of 2026, reaching $14.6 billion. This surpassed analyst expectations, which were at $12.72 billion. The company successfully boosted its profits by growing its business in the artificial intelligence sector, especially through leasing data center capacity to companies like Google and Anthropic. Additionally, its Starlink satellite internet division expanded by launching more satellites to increase its user base. The company's strategy relies on using the Starship rocket system to deploy higher-bandwidth satellites, despite recent pauses in test flights due to engine malfunctions.
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