SpaceX Q3 Revenue Jumps 161% Driven by AI and Starlink Growth
SpaceX reported a 161% year-on-year revenue increase in Q3, reaching $14.6 billion and surpassing analyst estimates of $12.72 billion. The growth was driven by its artificial intelligence business and steady expansion of the Starlink satellite internet service. SpaceX primarily earns AI revenue by leasing data-center computing capacity to developers like Anthropic and Google, supporting CEO Elon Musk's AI ambitions.
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