SpaceX grows AI revenue: $14.6 billion in revenue, AI accounts for 52% of income

According to TechCrunch, SpaceX's AI business, including Grok, Cursor and the 'neocloud' business, exceeded investor expectations and now brings in 52% of the company's revenue. Quarterly revenue was $14.6 billion, but capital expenditures reached $19.6 billion.

Javlon TursunovFirst published on tafs uz 21 October 2026 at 01:452 min read

The key facts

SpaceX's quarterly revenue — $14.6 billion; AI provides 52% of income
Neocloud capacity — 1.7 GW; the Colossus II data center is under construction
Capital expenditures — $19.6 billion; about $1 billion of revenue is tied to the rise in bitcoin's price

SpaceX's AI business is growing faster than expected

According to TechCrunch, SpaceX's data centers and Grok AI agents turned out to be more profitable than investors expected at the end of the quarter. The company is moving ever further away from its space roots in favor of artificial intelligence, which now accounts for 52% of revenue.

Quarterly results

According to the outlet, Elon Musk's company reported on Tuesday revenue of $14.6 billion for the third quarter. Growth was recorded in all segments, especially in the renamed 'Super Intelligence' division, which includes the recently acquired programming tool Cursor, the Grok bot, and a growing 'neocloud' business with 1.7 GW of computing capacity.

One-off revenue factors

TechCrunch notes that revenue was supported by about $1 billion of income tied to the recovery of bitcoin's price, as well as unspecified revenue from related parties, which may relate to SpaceX's investment in another company.

Capital expenditures and investments

Revenue growth is balanced by total capital expenditures of $19.6 billion: SpaceX continues to build its second data center project, Colossus II, and to increase investment in the Starship rocket, which it considers key to deploying a new generation of Starlink satellites and developing orbital data centers.

Note

There is a discrepancy in the TechCrunch article: the text mentions both the second and the third quarter of the year; the outlet also notes that the story is developing and the article will be updated.