SpaceX revenue jumps 161% as AI data centre deals take over

SpaceX built its name on landing rockets upright. Its fastest-growing business now involves renting out computers. The company’s revenue climbed 161% year-on-year to $14.6 billion in the third quarter of 2026. Data centre leasing deals did most of the heavy lifting. Its AI segment, labeled AI/Super Intelligence, contributed $7.6 billion of that total, which means rocket launches and satellite internet are no longer the majority of the story. The numbers behind the surge The third-quarter result did not come out of nowhere. In the second quarter of 2026, SpaceX posted total revenue of $7.8 billion, a 92% increase from the prior year. AI revenue in that earlier quarter came to $2.6 billion. One quarter later, it was $7.6 billion. That is nearly a threefold jump in three months. The customer list reads like a roll call of the AI arms race. Anthropic is paying $1.25 billion per month. Google Cloud is paying $920 million per month. Reflection AI is paying $150 million per month, and other clients round out the roster. In September 2026, SpaceX signed a $13.3 billion annualized AI compute leasing deal with a customer it has not disclosed. Add it all up and SpaceX’s total annualized compu...