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SpaceX quarterly revenue jumps, beats estimates as AI business surges
Elon Musk’s SpaceX on Tuesday reported a 161% rise in revenue for the third quarter, beating estimates, buoyed by a surge in its AI business and steady growth at its Starlink satellite-internet unit. Revenue in the third quarter stood at $14.6 billion, compared with analysts’ estimate of $12.72 billion, according to data compiled by LSEG. Starlink and SpaceX’s broader connectivity operations have been the company’s main financial engine, underpinning CEO Elon Musk’s AI ambitions. But SpaceX’s own AI software, including xAI’s Grok, has so far been overshadowed by rivals OpenAI, Anthropic and Go...
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