SpaceX quarterly revenue jumps, beats estimates as AI business surges

What happened: SpaceX said third-quarter revenue more than doubled, beating estimates as AI and Starlink grew, while capital spending nearly tripled on compute infrastructure. Why it matters: SpaceX makes most of its AI money renting data-center capacity to developers such as Anthropic, Google and Reflection AI rather than from its own models. Operating losses at the AI unit have been large, and the company has cautioned it will need sustained investment before it can consistently generate profits. Coverage: 3 outlets in 24h

SpaceX said third-quarter revenue more than doubled, beating estimates as AI and Starlink grew, while capital spending nearly tripled on compute infrastructure.

SpaceX makes most of its AI money renting data-center capacity to developers such as Anthropic, Google and Reflection AI rather than from its own models. Operating losses at the AI unit have been large, and the company has cautioned it will need sustained investment before it can consistently generate profits.