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SpaceX越来越像一家AI算力公司
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Source: news.mydrivers.com
AI has become SpaceX’s new growth engine. In the early morning of October 21st, Beijing time, SpaceX announced its third quarter financial report for 2026. The company achieved revenue of US$14.58 billion in the quarter, a year-on-year increase of 161%; net profit was US$4.4 billion, compared with a loss of US$1.1 billion in the same period last year. This is the first quarterly profit since SpaceX went public this year. Growth that exceeded market expectations mainly came from the AI business. The financial report shows that SpaceX’s super intelligence business (Huxiu Note: Super Intelligence, SI, which is what we understand as AI) revenue reached US$7.6 billion in the third quarter, a year-on-year increase of 830%, accounting for 52% of the company’s total revenue, surpassing the communications business with Starlink as its core for the first time, becoming the company’s largest source of revenue. For comparison, the communications business contributed US$5.248 billion, an increase of 69%; the aerospace business contributed US$1.767 billion, an increase of 6%. At the same time, the investment in computing power, energy and data centers required for the rapid expansion of AI business is also pushing up the company's capital expenditures. In the third quarter, SpaceX’s capital expenditures reached US$19.593 billion, an increase of approximately 185% from US$6.88 billion in the same period last year; the cumulative investment in the first nine months of this year was US$48.069 billion, approximately 3.5 times that of the same period last year. Musk predicts that SpaceX's annualized recurring revenue will reach up to $1 trillion by the end of 2027. SpaceX's annualized recurring revenue could top $1 trillion. The management’s target for the end of 2026 is still US$100 billion. Ten times a year. Despite concerns about huge expenditures, the fact that it has turned a profit and the expectations of high growth have given the market positive feedback. As of the end of after-hours trading on October 20, Eastern Time, SpaceX's stock price closed up 8.06%, corresponding to a market value of US$2.17 trillion, which has exceeded the combined valuation of Musk's Tesla, Neuralink and The Boring Company. We also summarized the four major highlights from the subsequent earnings call: Maas