SpaceX says big AI growth fueled revenue jump
The Verge Jay Peters ● Covered by 2 sources
SpaceX says revenue hit $14.6B, mostly thanks to its AI and connectivity units. Its space business still lost money on operations, so the growth story is coming from somewhere else.
Based on reporting by The Verge, Jay Peters — read the original for the full story.
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SpaceX says its latest quarter brought in $14.6 billion in revenue, a 161 percent jump from a year earlier. The company points to its “Super Intelligence” segment and faster growth in connectivity as the main engines behind that surge.
The numbers inside the filing are lopsided. Space operations posted a $7 million loss from operations, while the Connectivity group generated $2.4 billion in income from operations. The SI group added another $431 million there.
The big shocker is the SI business itself. SpaceX says it recorded $7.6 billion in revenue, up 830 percent year over year.
According to the company, that was driven mainly by new cloud services agreements, the acquisition of Cursor, and rising Grok adoption across enterprise. So the headline is not rockets paying the bills this time. It’s AI, cloud, and whatever SpaceX wants to call the bucket those revenues fall into.
My take — AI-written commentary, not fact-checked reporting
This is the modern corporate trick: slap “AI” on the fastest-growing part of the business and watch the valuation glow. SpaceX is plainly telling investors where the momentum is, and it is not the launch pad. The rest of the tech industry is doing the same dance, just with better lighting.
Read more about this at: The Verge
