Fantastic News for SpaceX Stock Investors

SpaceX (SPCX) posted Q3 2026 revenue of $14.6B, up 161% year over year, and swung to $4.4B in net income from a $1.1B loss a year earlier.

Growth was concentrated in two segments. Super Intelligence revenue jumped 830% YoY, while Connectivity grew 69.5% YoY. The Super Intelligence figure carries most of the weight in this report, since it drives the headline growth rate.

CEO Elon Musk has targeted $1 trillion in revenue by 2029-2030. The quarter makes that goal look more achievable, per the source, which points to rising demand for AI cloud services and development of the reusable Starship rocket as supports. Interpretation: reaching that target from $14.6B in quarterly revenue would require sustained hypergrowth across several years, so this single quarter validates the trajectory without settling it.

Valuation is the counterweight. SPCX trades at a 68.5 price-to-sales ratio, which leaves little room for execution misses. The source flags two specific risks: Starship development delays and a potential slowdown in AI industry growth.