SpaceX says big AI growth fueled revenue jump
SpaceX announced revenues of $14.6 billion in its Q3 earnings on Tuesday, which it says was a growth of 161 percent year-over-year "fueled by our Super Intelligence (SI) segment and accelerated growth in Connectivity." While its Space division posted a $7 million loss in income from operations, its Connectivity group posted income from operations $2.4 billion and its SI group posted $431 million.
The company's so-called "SI" business saw revenues of $7.6 billion, which were up 830 percent year-over-year, "primarily driven" by "the activation of new cloud services agreements, the acquisition of Cursor, and increased Grok adoption across ente …