SpaceX reports AI revenue growth and a return to profit
Original title: SpaceX’s AI business is beating expectations
A cited filing put quarterly revenue at $14.6 billion, with 1.7 GW of neocloud compute and $19.6 billion in spending.
TechCrunch reports that SpaceX’s data centers and Grok agents beat investor expectations as artificial intelligence reached 52% of income. A regulatory filing cited $14.6 billion in quarterly revenue, led by a renamed Super Intelligence line that includes Cursor, Grok, and a neocloud business with 1.7 GW of compute. Capital spending was $19.6 billion, including Colossus II and Starship, while net income was $4.4 billion after a $1 billion loss in the year-earlier quarter. TechCrunch calls it a developing story.
Unconfirmed: The article refers to both the second and third quarters, and the related-party income is unspecified.
- About $1 billion of income came from bitcoin-price recovery.
- The filing also cites unspecified related-party income.
- Super Intelligence includes Cursor, Grok, and the neocloud business.
- Spending covers Colossus II and increased Starship investment.
- Products
- CursorColossus IIStarship
- Organizations
- SpaceX
- AI models
- Grok
From the original article
2 min read at techcrunch.com
SpaceX’s data centers and Grok agents have been more profitable than investors expected in second quarter of the year, as the company leaves its roots as a space company behind to focus on artificial intelligence, which now makes up 52% of its income. Elon Musk’s deep conglomerate reported on Tuesday $14. 6 billion in third-quarter revenue, […]
By Tim Fernholz · techcrunch.com
A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.