SpaceX Q3 Revenue Hits $14.58 Billion as AI Leads

SpaceX reported third-quarter revenue of $14.58 billion and net income of $4.4 billion, beating analyst forecasts as its artificial-intelligence computing business became its largest revenue segment. The results, for the three months ended September 30, also showed substantial spending on infrastructure to support that growth. The company’s Super Intelligence division generated about $7.6 billion in revenue, more than half of total sales and roughly nine times its year-earlier level, according to reported earnings figures. The division recorded $431 million in operating income, compared with a $1.26 billion operating loss in the previous quarter. Its revenue comes in part from providing computing capacity to other AI developers, while the segment also covers SpaceX’s own AI activity. Connectivity, which includes Starlink, brought in $5.25 billion in revenue and produced $2.37 billion in operating income, the largest contribution to operating profit. SpaceX said enterprise and government demand, along with consumer subscriber growth, supported the improvement. Its space operations recorded $1.77 billion in revenue and a $7 million operating loss. Investment rose alongside...