Musk’s SpaceX Earnings Rocket Higher as Bitcoin Stash Holds Firm

SpaceX’s AI Empire Delivers Record Growth While Bitcoin Stash Holds Firm

SpaceX came retired swinging Tuesday, Oct. 20, delivering third-quarter earnings that near Wall Street’s expectations successful the dust. Revenue climbed 161% to $14.6 billion, portion the aerospace and AI powerhouse transformed a $1.1 cardinal year-earlier nonaccomplishment into $4.4 cardinal successful profit.

But buried deeper successful the fiscal statements was different billion-dollar fig worthy examining: $1.573 cardinal successful integer assets, accordant with the company’s longstanding bitcoin treasury. For Elon Musk, whose concern empire present stretches from orbital launches to AI, the latest net show however thoroughly SpaceX has evolved beyond its rocket-building origins.

SpaceX Earnings Crush Expectations arsenic AI Becomes the Main Attraction

The recently publically traded company, SpaceX reported $2.8 cardinal successful operating income and $8.8 cardinal successful adjusted net earlier interest, taxes, depreciation and amortization (EBITDA), representing a 306% year-over-year increase. Diluted net reached 35 cents per share, comfortably up of estimates ranging from astir 13 to 16 cents, portion gross surpassed forecasts of $12.7 cardinal to $12.9 billion.

The existent showstopper was SpaceX’s Super Intelligence division, which raked successful $7.56 billion, an astonishing 830% summation from the erstwhile year. The business, encompassing Grok, unreality infrastructure and the precocious acquired Cursor operation, overtook Starlink arsenic SpaceX’s largest gross contributor. Operating income reached $431 million, reversing a $1.72 cardinal nonaccomplishment during the comparable 4th successful 2025.

Starlink wasn’t precisely sitting idle. The connectivity part generated $5.25 cardinal successful revenue, up 69%, supported by 13.6 cardinal user subscribers. Traditional abstraction operations contributed different $1.77 billion, portion the company’s archetypal revenue-generating Starship ngo successfully deployed 26 next-generation Starlink satellites.

SpaceX’s 18,712 Bitcoin Remain a Billion-Dollar Fixture

Tucked into leafage 10 of SpaceX’s net report, the consolidated equilibrium expanse lists $1.573 cardinal nether “Digital assets” arsenic of Sept. 30, 2026. That compares with $1.637 cardinal astatine the extremity of December 2025, reflecting a $64 cardinal diminution successful reported value.

Image source: SpaceX net screenshot.

Although the quarterly net merchandise doesn’t explicitly place bitcoin oregon disclose the fig of coins held, erstwhile filings established SpaceX’s presumption astatine 18,712 BTC, acquired astatine an approximate $661 cardinal outgo basis. Blockchain quality level Arkham Intelligence besides tracks the company’s holdings astatine 18,712 BTC, chiefly associated with Coinbase Prime custody.

Image source: Arkham Intelligence connected Oct. 20, 2026.

The favoritism matters. The $64 cardinal simplification successful reported integer plus worth does not needfully correspond a sale. In fact, SpaceX’s currency travel connection records a corresponding $64 cardinal unrealized nonaccomplishment connected integer assets during the archetypal 9 months of 2026, accordant with changes successful marketplace valuation alternatively than a confirmed disposal.

For a institution progressively dominated by artificial intelligence, bitcoin remains a sizable, if comparatively quiet, fiscal holding. The latest net materials supply nary denotation of further purchases oregon sales, leaving the antecedently disclosed treasury presumption intact based connected disposable information.

Musk’s $925 Billion Fortune Inches Toward Trillionaire Territory

SpaceX’s bonzer maturation isn’t coming cheaply. Capital expenditures totaled $19.6 cardinal during the quarter, with $16.4 cardinal directed toward its Super Intelligence division. Nevertheless, the institution finished September holding astir $89.9 cardinal successful currency and marketable securities, providing sizeable fiscal ammunition for its ambitious enlargement plans.

Meanwhile, Musk continues to inhabit the acme of the planetary wealthiness rankings. Forbes’ Real-Time Billionaires list valued his luck astatine astir $925 cardinal connected Oct. 20, 2026, reflecting a $1.4 cardinal summation from the erstwhile trading day.

Much of that wealthiness remains tied to his ownership stakes successful SpaceX and Tesla, meaning the fig tin displacement dramatically with marketplace valuations. Still, with SpaceX posting multibillion-dollar profits, an expanding AI empire and a bitcoin treasury worthy much than $1.5 billion, Musk present finds himself wrong striking region of thing erstwhile confined to fiscal fiction: a idiosyncratic luck approaching $1 trillion.