SpaceX reports $14.6B third-quarter revenue, with AI segment at 52% of income
Overview
SpaceX reports $14.6 billion in third-quarter revenue, with its artificial intelligence business making up 52% of income and beating investor expectations, according to TechCrunch.
Growth came across all segments, especially the renamed "Super Intelligence" line, which includes the Cursor coding tool, the Grok bot and a neocloud business with 1.7 GW of compute.
Total capital expenditures reached $19.6 billion, as SpaceX builds out its Colossus II data center and increases investment in Starship, the heavy-lift rocket the company considers vital for deploying a new generation of Starlink satellites and developing orbital data centers.
Written by AI from the articles below · updated Oct 20, 5:42 PM ET
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- TechCrunch · AINewsSpaceX's AI business beats expectations as it reaches 52% of income
AISpaceX's artificial intelligence business, which now makes up 52% of its income, beat investor expectations in the quarter. The company reported $14.6 billion in third-quarter revenue, driven by growth across all segments, especially its renamed "Super Intelligence" line, which includes Cursor, Grok and a neocloud business with 1.7 GW of compute. Total capital expenditures reached $19.6 billion as SpaceX builds out Colossus II and invests in Starship.
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