SpaceX Posts $4.4 Billion Profit as AI Revenue Leads

SpaceX reported $14.575 billion in revenue and $4.404 billion in net income for the three months ended September 30, as its Super Intelligence business overtook connectivity as the company’s largest source of revenue. Revenue rose 161% from a year earlier, when SpaceX recorded a net loss of about $1.1 billion, according to results filed with the Securities and Exchange Commission. The Super Intelligence segment generated $7.56 billion in revenue, up from $813 million a year earlier. SpaceX attributed much of the increase to renting computing capacity to other companies. The segment includes computing services and products such as Grok and the X social-media platform. Connectivity, driven mainly by Starlink, brought in $5.248 billion, up 69% year over year. The results mark a sharp shift in SpaceX’s revenue mix, with AI computing now ahead of its satellite internet operation. Starlink had 13.6 million consumer subscribers as of September 30, compared with 7.2 million a year earlier. Its average monthly revenue per consumer was $69 in the quarter, down from $83 a year earlier. The growth came alongside substantial investment. SpaceX reported $19.593 billion in capital...