SpaceX Posts $14.6 Billion Quarter With $1.57 Billion in Digital Assets

SpaceX reported $1.573 billion in digital assets on its Sept. 30 balance sheet as third-quarter revenue jumped 161.39% from a year earlier to $14.575 billion.

The company posted $4.404 billion in GAAP net income, a reversal from a $1.054 billion loss in the same quarter a year earlier. Diluted earnings were $0.35 per share, and revenue exceeded the $12.87 billion market expectation.

Superintelligence (SI), the business previously identified as AI, generated $7.56 billion in revenue. Starlink’s connectivity business added $5.248 billion, while space operations generated $1.767 billion. Together, the three business lines reported $14.575 billion in revenue.

Capital spending was $19.593 billion, including $16.444 billion for SI. SI accounted for most of the capital outlays. Starlink had 13.6 million consumer users as of Sept. 30. The quarter combined sharply higher revenue with spending above sales.