SpaceX's third-quarter regulatory filing published on October 20, 2026 shows that its artificial intelligence and data center business surpassed market expectations across both profitability and revenue, with the AI business already accounting for 52% of its total revenue.
Under the leadership of CEO Elon Musk, the traditional space enterprise is accelerating its transformation into the field of artificial intelligence. The financial report shows that SpaceX's total revenue in the third quarter reached $14.6 billion, of which the business line renamed "Super Intelligence" contributed $7.5 billion in revenue.
This business segment mainly relies on the recently acquired Cursor coding tool, the Grok robot, and a cloud business with 1.7 gigawatts of computing capacity. Despite facing high capital expenditures of $19.6 billion, the AI business achieved a profit of $431 million after excluding the one-time Cursor-related equity incentive, and thanks to strong revenue growth, the company returned to profitability overall, with a net profit of $4.4 billion in the third quarter.
In the earnings discussion, Musk pointed out that the core bottleneck for current Super Intelligence deployment lies in power, cooling, and infrastructure rather than chip supply, and that SpaceX is leveraging its own metal casting capabilities to accelerate the procurement of key components such as data center turbines.
At the same time, the company remains highly optimistic about the future, projecting that annual recurring revenue will reach a scale of $500 billion to $1 trillion by the end of 2027. This dramatic evolution of its business structure shows that leading technology companies are continuously reshaping the competitive landscape of the global AI computing power and agent markets through cross-sector resource integration and self-built infrastructure.