Update
SPCX Beats Earnings Expectations: AI Revenue Surges 830%
SpaceX (SPCX) reported third-quarter revenue of $14.58 billion, up 161% year over year, and net income of $4.40 billion, compared to a $1.05 billion loss a year earlier. The Superintelligence (SI) division, where revenue skyrocketed 830% to $7.56 billion, now accounts for approximately 52% of total revenue. Starlink's consumer subscriber base expanded to 13.6 million, contributing to the company's profitable satellite communications business and continued investment in advanced launch technology.