SpaceX recorded Q3 AI revenue of $7.56 billion, primarily from compute rentals; AI capital expenditure reached $16.44 billion.

The supplied earnings reports identify compute rentals as the principal AI revenue source. SpaceX’s reported Q3 2026 AI revenue was $7.56 billion, versus a cited $6.3 billion expectation, alongside $5.25 billion in connectivity revenue and $1.77 billion in space revenue. Total revenue was $14.58 billion, up 161% year over year.

AI infrastructure represented the largest reported capital-expenditure category. AI capital expenditure was $16.44 billion, versus a cited $16.9 billion expectation, within total capital expenditure of $19.59 billion. The detailed earnings messages consistently provide these figures; a separate narrative message contains conflicting, substantially lower total-capex figures that are not used here.

The earnings summaries also report profitability and customer metrics. Net income was $4.40 billion, operating income $2.79 billion, adjusted EBITDA $8.81 billion, earnings per share $0.35, and total costs and expenses $11.78 billion. A separate report puts Starlink subscribers at 13.6 million and monthly revenue per user at $69, down from $99 in 2023; these are Telegram-reported figures, with no direct SpaceX filing supplied.

Related capital plans remain distinct from operating results. The chief financial officer forecast Q4 capital expenditure of $35 billion–$40 billion and Q1 2027 revenue of $33 billion–$37 billion, while Musk said SpaceX and Tesla had formed independent-director committees to explore a possible merger. He said the transaction was not certain, that he could not participate in committee discussions because of his conflict, and that approval from 50% of Tesla shareholders would be required.