SpaceX quarterly revenue jumps, beats estimates as AI business surges

SpaceX’s third-quarter revenue climbed 161% to $14.6 billion, exceeding the $12.72 billion analysts had expected, Business Recorder reported. The company attributed growth to stronger artificial-intelligence activity alongside continued expansion in its Starlink satellite internet business.

Starlink and other connectivity services remain central to SpaceX’s finances, while its AI operations include Grok, the X platform and data-centre capacity rented to outside developers. The AI unit is a major investment area and has incurred substantial operating losses, with the company saying sustained spending is needed before it can generate consistent profits. Starlink’s subscriber growth is supported by satellite launches and services for consumers, businesses, aviation, maritime and government customers. SpaceX is also investing in network capacity and Starship, which has not begun commercial operations; its first orbital test flight ended earlier than planned after an engine problem.