SpaceX Revenue Jumps 161% in Third Quarter, Posts Profit Driven by AI

In its second earnings report since going public, SpaceX said its revenue jumped 161% in the third quarter, beating expectations, driven by its AI business and Starlink. The company posted a quarterly profit larger than expected after a string of losses, and its shares rose in after-hours trading.

AI-written summary of 19 sources; every verified point is backed by a verbatim quote. How Iyan works

• SpaceX revenue reached $14.6 billion after a 161% jump.

  «قفزت إيرادات سبيس إكس بنسبة 161% لتبلغ 14.6 مليار دولار.»

  العربية
• Most of the revenue growth came from leasing data center capacity, but the AI unit posted large operating losses. It has computing contracts with Anthropic, Google and Reflection AI.

  «The company’s AI business has compute contracts with Anthropic, Alphabet’s Google and Reflection ‌AI, But operating losses ⁠at the unit have been large.»

  NBC News
• Starlink beat earnings expectations but failed to achieve the expected growth in subscribers.

  «SpaceX's Starlink beat earnings estimates while missing its subscriber growth.»

  Insider on MSN
• SpaceX shares rose in after-hours trading as AI revenue increased more than ninefold.

  «SpaceX shares surge in after-hours trade as AI revenue rise more than ninefold.»

  ABC (Australian Broadcasting Corporation)
• Musk hinted at a possible merger with Tesla alongside the earnings announcement.

  «Elon Musk's SpaceX reports a profit and he hints at a possible merger with Tesla»

  Associated Press News on MSN

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