SpaceX plans $35 billion to $40 billion in fourth-quarter 2026 capital spending, roughly double its latest quarterly outlay, as it expands computing capacity for its artificial intelligence business.
The company set out that plan on its Oct. 20 earnings call. It also forecast $33 billion to $37 billion in revenue for the first quarter of 2027. Both amounts are projections, rather than spending or sales already recorded.
Capital expenditures totaled $19.593 billion in the third quarter, compared with $18.369 billion in the second. Super Intelligence accounted for $16.44 billion of the latest total, as detailed in earlier coverage of SpaceX’s capital spending.
For the quarter ended Sept. 30, SpaceX reported revenue of $14.575 billion and net income of $4.404 billion. Of that revenue, $7.560 billion came from Super Intelligence, more than from either of its other two business segments.
The quarterly profit followed a second-quarter net loss of $541 million on revenue of $7.814 billion. Companywide capital spending also rose between the two quarters. SpaceX identified expanding computing capacity and cloud services as drivers of its planned investment.
SpaceX reported 1.7 gigawatts of nameplate computing capacity as of Sept. 30. By year-end, its target is 2.5 to 3 gigawatts.
