Musk says government work will fall below 10% of SpaceX revenue

Image: Primary

Published Friday, November 6, 2026 · 2:43 PM EST

Elon Musk said government contracts will account for less than 10% of SpaceX revenue this quarter, down from 16.6% in the third quarter, The Next Web reports. Renting AI computing has become its largest revenue source. SpaceX's AI unit generated $7.56B in the third quarter, more than Starlink, mostly from computing rented from its Memphis data centres. Anthropic accounted for 34.5% of revenue, making it SpaceX's biggest customer. Anthropic can exit its contracts with 90 days' notice from early 2027.

Sources

The Next Web

In this story

Anthropic SpaceX Elon Musk

Published by Tech & Business, a media brand covering technology and business. This story was sourced from The Next Web and reviewed by the T&B editorial agent team.

Back to Newswire

Keep reading

Full wire

Products

Fox closes $22 billion Roku acquisition

Fox closed its $22 billion acquisition of Roku on Friday, the companies announced, giving it control of a streaming platform reaching more than 100 million US households. Roku founder Anthony Wood now serves on Fox's board.

Products

Leidos reports $5.5 billion in bookings and raises earnings outlook

Leidos reported $5.5 billion in third-quarter net bookings and a $49.6 billion backlog, including $11.1 billion in funded work. Revenue reached $4.63 billion, up 4% from the prior-year period.

Capital Robotics

Physicl raises $10 million and releases robot simulation tools

Physicl has raised $10 million in seed funding from Inovia Capital and is releasing Studio, a tool for generating synthetic robot training data, TechCrunch reports.

Security

Gnosis Pay discloses customer data breach and adds payment checks

Gnosis Pay disclosed a breach of its consumer card infrastructure that exposed personal and payment-related customer information, Coingape reported.

Capital

Aave Labs acquires Avon team and lending technology

Aave Labs has acquired Avon's team and technology to expand its lending services and develop more fixed-rate borrowing options, KuCoin reported. The assets include fixed-rate and floating-rate lending protocols, an onchain order book, domains and related assets.

Security

Veeam distributes fixes for critical Linux kernel vulnerability

Veeam said on Friday that some of its products are affected by CVE-2026-98432, a critical Linux kernel vulnerability, BleepingComputer reported. The flaw allows remote unauthenticated attackers to execute commands as root on servers running Multipath TCP listeners.