SpaceX posts $14.58 billion Q3 revenue as Bitcoin pushes toward $84,600

SpaceX just turned in a quarter that reads less like a rocket company and more like an AI giant with a side business in satellites. The company reported Q3 2026 revenue of $14.58 billion, up 161% from $5.58 billion a year earlier. Markets noticed. Bitcoin edged toward or above $84,600 in trading after the October 20 release, with the move attributed in part to the risk-on mood the earnings beat helped create. SpaceX also holds a sizable amount of Bitcoin, so the connection isn’t purely about vibes. The numbers behind the beat The headline revenue figure was only the start. SpaceX swung to a net income of $4.4 billion for the quarter. A year ago, that same line showed a net loss of $1.05 billion. Adjusted EBITDA came in at $8.81 billion, a 306% jump. SpaceX’s Super Intelligence segment, its AI business, generated $7.56 billion in revenue. That represents an 830% increase year-over-year. It also means AI revenue topped the Connectivity/Starlink segment for the first time. Starlink brought in $5.25 billion, up 69%, and its subscriber count reached 13.6 million. What drove the AI surge Two developments did much of the heavy lifting. SpaceX completed its acquisition of Cursor mid-quarte...