Business · Updated 21 Oct, 02:10 am IST
SpaceX’s AI unit generated majority of revenue and beat expectations in Q3
Why it matters for readers: It shows SpaceX is increasingly an AI and data‑center company, not only a space company, which explains recent product and investment moves.
- SpaceX reported $14.6 billion in revenue for the third quarter, driven by growth across segments.1
- The company’s renamed “Super Intelligence” (AI) business produced $7.5 billion in revenue and made up 52% of total income.1
- The AI unit generated $431 million in profit, which was reduced by $1.2 billion in one‑time stock‑based compensation related to the Cursor acquisition.1
- SpaceX’s neocloud business now has 1.7 GW of compute and the company is building a second data center, Colossus II, while continuing Starship investment.1
- The top-line was also aided by roughly $1 billion in income tied to Bitcoin price recovery and unspecified related‑party income.1
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