SPACE EXPLORATION TECHNOLOGIES CORP Form 10-Q — Oct 22, 2026
SpaceX posted its first quarterly profit as a public company: Q3 2026 revenue of $14.6 billion (up from $5.6 billion a year ago) and net income of $4.4 billion ($0.37 basic EPS), versus a $1.1 billion loss in Q3 2025. The SI segment drove the swing, with revenue jumping to $7.6 billion from $813 million, while Connectivity earned $2.4 billion in segment operating income and the Space segment was roughly breakeven. The quarter was transformed by the June IPO (net proceeds $85.7 billion at $135/share), the $60 billion all-stock Cursor merger closed August 14, and a $25 billion multi-tranche notes issuance at a 5.855% weighted-average rate.
Key figures
- Eps
- 0.37
- Revenue
- 14575
- Net Income
- 4404
- Total Debt
- 38006
- Revenue Yoy
- +161% (Q3 2026 vs Q3 2025: $14,575M vs $5,576M)
- Total Assets
- 254045
- Cash Position
- 51294
- Backlog
- 62959
- Goodwill
- 48423
- Btc holdings
- 18,712 Bitcoin, fair value $1,573M
- Diluted eps q3
- 0.35
- Deferred revenue
- 17520
- Ipo net proceeds
- 85675
- Capex nine months
- 48069
- Litigation accrual
- 350
- Nine month revenue
- 27083
- Cursor merger value
- $60 billion implied equity value / $42,474M purchase consideration
- Spacex notes principal
- 25000
- Class a shares outstanding
- 8246541218
- Class b shares outstanding
- 5334522491
- Spacex notes weighted avg rate
- 5.855%
- Operating cash flow nine months
- 13097
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