SpaceX’s AI business is beating expectations

SpaceX’s AI and data center businesses outperformed investor expectations in the second quarter, now accounting for 52% of the company’s income as it shifts focus from space toward artificial intelligence. The company reported $14.6 billion in third-quarter revenue, boosted by growth in its renamed “Super Intelligence” segment—which includes the Cursor coding tool, Grok bot, and a neocloud business with 1.7 GW of compute—plus about $1 billion from bitcoin price recovery and unspecified related-party income. Despite $19.6 billion in capital expenditures for the Colossus II data center and Starship rocket, SpaceX returned to profitability with $4.4 billion net income, reversing a $1 billion loss from the prior year, though it still faces a $413 million net loss for the first nine months. CEO Elon Musk predicted annual recurring revenue by the end of 2027 will be between $500 billion and $1 trillion.

(Source：TechCrunch)