SpaceX posts first operating profit as public company as AI revenue nearly triples to $7.6 billion—cruising past Starlink
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Elon Musk’s SpaceX said Tuesday that third-quarter revenue rose 161% to $14.6 billion year over year, cruising past the $12.86 billion analysts expected, according to Visible Alpha consensus from S&P Global Market Intelligence.
Key facts
Elon Musk’s SpaceX said Tuesday that third-quarter revenue rose 161% to $14.6 billion year over year, cruising past the $12.86 billion analysts expected, according to Visible Alpha consensus from S&P
SpaceX’s buzzy AI segment—renamed “Super Intelligence”—which includes computing capacity leased to Claude-maker Anthropic, Google, Grok, and X, clocked in with revenue of $7.56 billion, compared
Connectivity revenue, mostly from Starlink, rose 69% to $5.25 billion, against the $4.92 billion analysts expected, and connectivity operating income nearly doubled to $2.37 billion
Overall, Space revenues rose 6% to $1.77 billion, above the $1.46 billion expected
Summary
The company reported net income of $4.4 billion, or 35 cents a share compared with a net loss of $541 million in the second quarter and $5.5 billion a year ago. SpaceX’s buzzy AI segment—renamed “Super Intelligence”—which includes computing capacity leased to Claude-maker Anthropic, Google, Grok, and X, clocked in with revenue of $7.56 billion, compared with the $6.47 billion analysts had expected, and up from $2.56 billion in the second quarter. Connectivity revenue, mostly from Starlink, rose 69% to $5.25 billion, against the $4.92 billion analysts expected, and connectivity operating income nearly doubled to $2.37 billion. Overall, Space revenues rose 6% to $1.77 billion, above the $1.46 billion expected.