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How Space Exploration Technologies (SPCX) makes money
Space Exploration Technologies (SPCX) made $14.6B of revenue in the third quarter 2026 (Q3 2026), +161% from a year earlier. SI brought in $7.6B (52%); Connectivity brought in $5.2B (36%); Space brought in $1.8B (12%). Of every dollar of revenue, 19¢ was left as operating profit, 30¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| SI | $7.6B | 51.9% | — | +830% |
| Connectivity | $5.2B | 36.0% | — | +69% |
| Space | $1.8B | 12.1% | — | +6% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $14.6B | 100.0% |
| Operating profit | $2.8B | 19.1% |
| Net earnings | $4.4B | 30.2% |
| Operating cash flow | $9.6B | 66.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $14.6B | +161% |
| Q2 2026 | $7.8B | +92% |
From Space Exploration Technologies' 10-Q filed Oct 22, 2026 (on EDGAR).
Questions
How does Space Exploration Technologies make money?
Space Exploration Technologies (SPCX) made $14.6B of revenue in the third quarter 2026 (Q3 2026), +161% from a year earlier. SI brought in $7.6B (52%); Connectivity brought in $5.2B (36%); Space brought in $1.8B (12%). Of every dollar of revenue, 19¢ was left as operating profit, 30¢ was left as net earnings.
What is Space Exploration Technologies' biggest business?
SI: $7.6B in the third quarter 2026, 52% of revenue, +830% from a year earlier.
What is Space Exploration Technologies' profit margin?
Net earnings were $4.4B, 30.2% of revenue, in the third quarter 2026; the operating margin was 19.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.