SpaceX (NASDAQ: SPCX) Q3 2026 Earnings Preview

• SpaceX (NASDAQ: SPCX) will report third-quarter results after the market closes on Tuesday, October 20, 2026.
• Analysts expect adjusted earnings per share of approximately $0.13–$0.14 and revenue of $12.7–$12.9 billion. 
• Investors will focus on Starlink’s cash generation, AI infrastructure revenue and the company’s heavy capital spending.

SpaceX operates launch and spacecraft businesses, the Starlink satellite network and a growing AI infrastructure division. FactSet analysts expect approximately $0.13 in adjusted earnings per share, compared with a $0.09 loss in the second quarter. Revenue is projected at around $12.80 billion, approximately 64% higher year over year.

Investors will be watching whether Starlink’s cash flow and growing AI revenue can help finance SpaceX’s infrastructure expansion. In the second quarter, the company reported $7.80 billion in revenue and a $541 million net loss. Total capital expenditures reached approximately $18.40 billion, including about $15.80 billion invested in AI computing infrastructure. 

SpaceX shares closed at $147.96 on October 19. That was approximately 9.6% above the company’s $135 IPO price, but about 8.1% below its first-day closing price of $161. 

Because SpaceX has reported a trailing net loss, its negative trailing price-to-earnings ratio is not economically meaningful. Its price-to-sales ratio is approximately 68.49, while its latest reported current ratio is about 5.12, indicating substantial short-term liquidity.