SpaceX posts first operating profit as public company as AI revenue nearly triples to $7.6 billion—cruising past Starlink
Fortune Amanda Gerut ● Covered by 3 sources
SpaceX reported third-quarter results that brought it to its first operating profit as a public company while revenue rose year over year. Its “Super Intelligence” (AI-compute leasing) segment generated $7.56 billion in revenue, nearly tripling from the prior quarter. The company’s financial outlook hinges on higher spending and debt as AI compute and connectivity investments expand, with Starlink adding 1.6 million consumer subscribers in the quarter.
Why it matters
Computing leases, the Cursor acquisition, Grok, and reported deals with Anthropic and Google pushed AI revenue past Starlink for the first time as a public company.
