Great earnings from $SPCX
Revenue: $14.6B vs Est. $13.0B
AI Revenue: $7.56B, EST. $6.3B
EPS: $0.35 vs Est. $0.16
EBITDA: $8.8B vs Est. $6.6B
CAPEX: $19.59B, EST. $19.6B
CFO Commentary:
We delivered another strong quarter in Q3. Revenue grew an impressive 161% year-over-year, fueled by continued momentum in Connectivity and a clear inflection in our Super Intelligence business. The combination of our launch leadership, recurring Starlink revenue, and the significant expansion of our SI infrastructure continues to drive meaningful operating leverage.
We are building the infrastructure of the future with discipline — focused on capital efficiency, strong returns on invested capital, and maintaining a robust, investment-grade balance sheet — while moving with the velocity to capture the opportunity in front of us.
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