SpaceX held $1.573 billion in digital assets at Sept. 30, a balance-sheet position disclosed with third-quarter results that showed capital expenditures exceeding revenue despite a return to profit.
In an earnings release filed with the U.S. Securities and Exchange Commission, SpaceX reported $19.593 billion in capital expenditures for the three months ended Sept. 30, compared with $14.575 billion in revenue. That comparison does not establish whether total cash spending exceeded cash received.
Revenue rose 161.39% from a year earlier. Net income reached $4.404 billion after a $1.054 billion loss in the year-earlier quarter, while diluted earnings came to $0.35 per share.
SpaceX’s profit and capital spending were covered in earlier EconoTimes reporting on its quarterly results. The $1.573 billion digital-asset figure shows what the company held at quarter-end, rather than sales or earnings generated during the quarter.
Super Intelligence, previously reported as Artificial Intelligence (AI), led SpaceX’s three segments with $7.56 billion in revenue. Connectivity, which includes Starlink, generated $5.248 billion, while the Space segment recorded $1.767 billion.
SpaceX said new cloud services agreements, its acquisition of Cursor and greater Grok adoption were the main drivers of Super Intelligence revenue growth. The segment accounted for $16.444 billion of the company’s quarterly capital expenditures.
In the second quarter, SpaceX recorded a $541 million net loss on $7.814 billion in revenue. Connectivity generated $4.291 billion in revenue, while the business then reported as AI brought in $2.561 billion. At the end of the third quarter, Starlink had 13.6 million consumer subscribers.
