SpaceX says big AI growth fueled revenue jump
Summary
SpaceX reported a significant revenue increase during the third quarter, reaching fourteen billion dollars. The company attributed this strong financial growth primarily to advances within its Super Intelligence division and expanding connectivity services.
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 billion and its SI group…
Source: Read the full story at The Verge
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