SpaceX Posts Q3 Profit On AI Surge
SpaceX reported a third-quarter profit that beat estimates as revenue more than doubled to $14.58 billion. The growth was driven by its surging AI business and strong Starlink subscriber numbers.
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SpaceX posted a third-quarter profit that beat estimates on Tuesday, as revenue surged 161% to $14.58 billion thanks to a booming AI business. The results surpassed the $12.72 billion analyst consensus compiled by LSEG. The quarterly beat highlights a pivot toward cloud-like computing services that now underpin the company's broader expansion.
