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SpaceX reports $14.6 billion revenue and $4.4 billion net income

Revenue rose 161% in the quarter, and the CFO forecast first-quarter 2027 revenue of $33 billion to $37 billion.

Updated Oct 20, 2026 · 22:08 UTC2 reports

The short version

  • SpaceX reported $14.6 billion in third-quarter revenue and $4.4 billion in net income, according to its regulatory filing.[TechCrunch]
  • Revenue grew 161% year over year for the three months ending in September, according to an earnings release.[ABC News]
  • CFO Bret Johnsen forecast first-quarter 2027 revenue of $33 billion to $37 billion.[TechCrunch]
  • CEO Elon Musk predicted annual recurring revenue of $500 billion to $1 trillion by the end of 2027; this is a projection, not a reported result.[TechCrunch]

Key facts

  • SpaceX reported $14.6 billion in third-quarter revenue, according to its regulatory filing.[TechCrunch]
  • SpaceX reported net income of $4.4 billion in the third quarter.[TechCrunch]
  • SpaceX's revenue grew 161% over the three months ending in September compared with the same period a year earlier, according to an earnings release.[ABC News]
  • CFO Bret Johnsen forecast first-quarter 2027 total revenue in the range of $33 billion to $37 billion.[TechCrunch]

What remains uncertain

  • CEO Elon Musk's forecast of $500 billion to $1 trillion in annual recurring revenue by the end of 2027 is a projection, not a reported result.[TechCrunch]
  • The first-quarter 2027 revenue forecast is a company projection, and TechCrunch described the story as developing.[TechCrunch]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.