SpaceX (SPCE) Q3 Revenue Expected at $12.72B With 13 Cents EPS Estimate

SpaceX (SPCE) is scheduled to report its third-quarter earnings after the market close on Tuesday. Analysts estimate revenue of $12.72 billion and earnings per share of 13 cents. Most of SpaceX's recent revenue and profits have come from its connectivity segment, primarily the Starlink satellite internet service.

Analysts expect $6.47 billion in AI-related revenue, $4.84 billion from connectivity sales, and $1.41 billion from the space business for the quarter. The company recently closed a $60 billion acquisition of AI coding startup Cursor. Wall Street is focused on SpaceX's capital expenditures, which totaled $18.4 billion in the prior quarter, with 80% directed to its AI division. This AI investment caused a previous share price drop. Analysts also note SpaceX's purchases of spectrum and FCC approval to expand its Starlink satellite constellation, aiming to broaden its US network coverage.

These developments are seen as strengthening SpaceX’s competitiveness with major telecom carriers. Market watchers are attentive to how AI revenue growth and the company’s capital investments impact upcoming earnings. The strong AI revenue growth estimates and expansion plans could influence SpaceX’s profitability and competitive position in satellite internet and AI sectors. This matters to investors as the company shifts significant resources to AI and network expansion, which will affect future earnings and capital spending.