SpaceX Swings to Profit as AI Revenue Rises More Than Ninefold
SpaceX reported a profit in its second-ever earnings report, with AI revenue rising more than ninefold year over year to $7.6 billion. It attributed the growth to cloud computing deals activated in the third quarter and the close of its acquisition of Cursor.
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08:27:17 PM UTC
SquawkNews
By WSJ StaffSpaceX reported net income of $4.4 billion as revenue in the third quarter more than doubled over the same period last year.Growth at the world's largest rocket company and satellite-internet provider was supercharged by its AI segment, though it also saw gains in its space and connecti…
SpaceX reported a profit in its second-ever earnings report, supported by a more-than-ninefold year-over-year rise in AI revenue to $7.6 billion. The company said the growth reflected cloud computing deals activated during the third quarter and the closing of its acquisition of Cursor, though the source section ends mid-sentence.