SpaceX reported $14.6 billion in third-quarter 2026 revenue, up 161% from a year earlier, and swung to $4.4 billion in profit from a $1.05 billion loss. The results marked the company’s second quarterly financial disclosure since its June public listing and followed a loss in the quarter ended in June. Connectivity revenue, primarily generated by Starlink, reached $5.2 billion, up 69% year over year, making the satellite internet business the main driver of profits. SpaceX’s AI unit generated $431 million in operating income after recording a $1.26 billion operating loss in the prior quarter, as the company continues to spend heavily on data centers and computing infrastructure. Shares rose nearly 4% in after-hours trading to about $153.30, while the company’s valuation stood at nearly $1.95 trillion. SpaceX also expanded its wireless ambitions through the acquisition of nationwide low-band spectrum, and Elon Musk said he plans to give every U.S. child a share of SpaceX stock next year.