SpaceX delivered a standout quarter, reporting Q3 2026 revenue of $14.58 billion, a staggering 161% increase from the same period last year. The surge was driven largely by its Super Intelligence segment, which generated $7.56 billion in revenue, an 830% year-over-year jump. This marks the first time the AI business has outpaced the Connectivity/Starlink segment, which brought in $5.25 billion.
The earnings report also highlighted SpaceX's net income of $4.4 billion, a dramatic turnaround from a net loss of $1.05 billion in the same quarter last year. Adjusted EBITDA soared to $8.81 billion, a 306% increase. Key developments included the acquisition of Cursor and an expansion of its compute capacity to 1.7 GW, both of which boosted the AI segment's growth.
Bitcoin's price edged toward $84,600 following the earnings release, partly attributed to the improved risk sentiment sparked by SpaceX's strong performance. The company holds 18,712 BTC, valued at $1.573 billion as of September 30, 2026, up from $1.1 billion in the prior quarter. This positions SpaceX as a notable player in the corporate crypto treasury space.
SpaceX went public earlier in 2026, listing on Nasdaq under the ticker SPCX. The company's focus on AI, coupled with its significant Bitcoin holdings, suggests a strategic shift toward technology and digital assets, with implications for both shareholders and crypto traders.