SpaceX reports first quarterly profit as AI and data-center deals drive revenue growth

BNN Bloomberg leads with the profitability turnaround and attributes results to satellite communications and computing-power leasing growth.

The Punch frames the profit as the payoff from AI cloud deals, leading with a specific net income figure and linking it to revenue growth.

New York Post emphasizes market reaction and highlights a large revenue surge plus Musk commentary about a potential Tesla merger.

PerthNow focuses on the profit milestone for SpaceX as a public company and stresses it exceeds Wall Street expectations.

The West Australian - Business repeats the profit-beats-expectations framing, emphasizing the magnitude of the profit relative to analysts’ forecasts.

Seeking Alpha uses a growth-focused headline, emphasizing very rapid AI growth (but provides no additional summary details in the provided text).

ABC News US foregrounds the revenue jump and the growth of SpaceX’s AI business, also noting it is the company’s second quarterly earnings report.

ABC Australia frames the story as live market movement, tying an ASX outlook to a reported surge in SpaceX’s AI revenue.

The Financial Times highlights data-centre deals’ effect on revenue and references large capital investments relative to Wall Street expectations.

Business Insider stresses that SpaceX is spending more on AI and says AI brings in more revenue than Starlink for the first time.

Investors will also be keen to hear Elon Musk's comments on a much-talked-about potential merger between SpaceX and Tesla, which reports results Wednesday

Elon Musk’s company reports a 161% growth in revenue year over year driven by its Starlink and AI segmentsSpaceX released its second-ever public earnings report on Tuesday, revealing a far better quarter than Wall Street projected. Elon Musk’s company, which encompasses rockets, artificial intelligence and satellite communications, reported a 161% growth in revenue year over year, driven by its Starlink and AI segments.The company declared $14.58bn in revenue against analysts’ projected $12.72bn. SpaceX reported earnings per share of 35 cents and a net income of $4.4bn. The company’s stock, which started the day down around 8% for the year, shot up 2% in after hours trading immediately after the results. Continue reading...

SpaceX's Super Intelligence revenue rose 830% to $7.6 billion and Connectivity revenue grew 69% to $5.2 billion

SpaceX reported a bigger quarterly profit than expected Tuesday as its satellite communications operations and its business of leasing computing power to other companies boomed.

Artificial intelligence revenue surges around 830% while capital spending on data center buildout and developing new technology continues.

SpaceX hit profitably in the third-quarter, with net income of $4.4 billion. AI was the engine.

SpaceX is blowing past all Wall Street expectations in its second earnings report as a public company. Elon Musk's company posted its first quarterly profit — $4.4 billion, or 35 cents a share, more than double estimates — while spending nearly $20 billion on capex. Ross Gerber of Gerber Kawasaki Wealth and Investment Management, is a shareholder. He says SpaceX should just buy Tesla now. (Source: Bloomberg)

The aerospace and AI company posted $14.6 billion in revenue, up 161% year-over-year.

Elon Musk’s rocket company also said its revenue had more than doubled, driven by its Starlink internet satellite service and artificial intelligence products.

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

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 […]

Elon Musk’s SpaceX registered a 161% year-on-year surge in third-quarter revenue, beating analyst estimates, driven by a surge in its artificial intelligence business and steady growth in its Starlink satellite-internet unit, Reuters reported.Revenue rose to $14.6 billion in the quarter, well above analysts’ estimate of $12.72 billion, according to data compiled by LSEG.Starlink and SpaceX’s broader connectivity operations remain the company’s primary revenue drivers, helping fund CEO Musk’s AI ambitions. However, SpaceX’s AI software offerings, including xAI’s Grok, have yet to match the traction of rivals such as OpenAI, Anthropic and Google.For live updates on US Markets, click hereSpaceX generates most of its AI revenue by leasing data-centre computing capacity to developers, including Anthropic, Google and Reflection AI, rather than relying on its own AI models. This makes the business more akin to a cloud-computing provider than a traditional AI developer.Its AI operations span Grok, the social-media platform X and an expanding data-centre business, which has also become the company's largest investment area. Revenue comes from computing contracts with Anthropic, Google, owned by Alphabet, and Reflection AI.However, the AI division continues to incur substantial operating losses. SpaceX has warned that significant, sustained spending will be necessary before the business can achieve consistent profitability.Meanwhile, Starlink continues to add subscribers, supported by further satellite launches and an expanding portfolio of services for consumers, businesses, airlines, maritime operators and government agencies.SpaceX has warned that expanding into markets beyond wealthier countries could bring down its average revenue per user over time. Investors are monitoring whether this pressure is beginning to emerge as the company enters more international markets and introduces cheaper subscription plans.Another key concern is whether SpaceX can sustain its growth while improving network profitability. The company continues to invest heavily in expanding coverage, increasing capacity and developing direct-to-device mobile connectivity services.Meanwhile, Starship, SpaceX’s next-generation reusable rocket system, has yet to begin commercial operations. The vehicle is expected to help deploy more advanced, higher-bandwidth Starlink satellites and support AI-computing infrastructure in orbit. Achieving reliable, repeated reuse of Starship remains a crucial part of SpaceX’s long-term strategy.SpaceX deployed several Starlink satellites last month during Starship’s first orbital test flight, which ended earlier than planned following an engine problem.The company’s space operations cover commercial launches, government missions and the development of Starship, making the segment a major source of expenditure and uncertainty. While Falcon rocket launches have remained strong, revenue fluctuates depending on the balance between internal Starlink deployments, commercial launches and government contracts.SpaceX has increasingly prioritised launches for its own satellite network over missions carrying third-party payloads, while continuing to shoulder substantial costs associated with Starship’s development.Investors will also be watching for comments from CEO Elon Musk on a potential merger between SpaceX and Tesla, a widely discussed possibility. Tesla is scheduled to report its results on Wednesday.(Disclaimer: This article is based on inputs from agencies. These do not represent the views of The Economic Times)

Result marks swing from second quarter, when company posted a net loss of $541-million

Ahead of SpaceX’s quarterly earnings report, many on Wall Street are wondering whether Elon Musk will combine it with Tesla.

SpaceX absorbed Musk’s xAI in February, months before its June IPO, and spending by Tesla and SpaceX now points to the same place: AI

SpaceX has been renting out access to computing power, which is a big source of revenue growth but also one that comes at a high cost.

SpaceX and Tesla report quarterly results on back-to-back days this week, offering investors a rare side-by-side view of Musk’s two biggest companies. Both are pouring billions into AI, and talk of a merger is growing.

SpaceX and Tesla will report third-quarter results on consecutive days this week, giving investors a rare side-by-side look at Elon Musk’s two most valuable companies as merger speculation gathers momentum.

Third-quarter results will give investors a rare side-by-side look at Elon Musk's two most valuable companies