SpaceX revenue soars 161% as AI business grows
READ THE ORIGINAL SOURCEOpen original sourceabcnews.com · Opens in a new tabSpaceX reported revenue up 161% year over year for the three months ending September, with a profit of $4.40 billion versus a loss of $1.05 billion a year earlier. Growth was attributed largely to its AI and Starlink businesses. The connectivity segment, which includes Starlink, posted $5.2 billion in revenue, up 69%. The AI unit recorded $431 million in operating income after a prior-quarter loss, though AI spending more than doubled quarter over quarter. The report is the company's second since its June public listing.
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SpaceX reported revenue up 161% year over year for the three months ending September, with a profit of $4.40 billion versus a loss of $1.05 billion a year earlier. Growth was attributed largely to its AI and Starlink businesses. The connectivity segment, which includes Starlink, posted $5.2 billion in revenue, up 69%. The AI unit recorded $431 million in operating income after a prior-quarter loss, though AI spending more than doubled quarter over quarter. The report is the company's second since its June public listing.
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It offers a financial data point on how AI infrastructure spending and a satellite internet business are shaping the finances of a major publicly traded company.
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