Update
SpaceX Revenue and Earnings Exceed Estimates
SpaceX reported revenue of $14.58 billion in the third quarter, surpassing the estimated $12.87 billion by 161% year-over-year. Earnings per share were $0.35, up from $0.16. The company's AI business generated $7.56 billion in revenue, up 830% year-over-year, and is now its core focus. SpaceX also announced it could reach $500 billion to $1 trillion in annual recurring revenue by 2027. The company conducted 35 out of 41 planned launches and ended the quarter with nearly $90 billion in cash and liquid assets.