SpaceX reports $14.6B Q3 revenue as AI business reaches 52% of income and Colossus II buildout continues
SpaceX reported $14.6 billion in third-quarter revenue in a regulatory filing, with its AI business now accounting for 52% of income. The renamed "Super Intelligence" segment includes the recently acquired Cursor coding tool, the Grok bot and a neocloud business with 1.7 GW of compute. Net income was $4.4 billion, against a $1 billion loss in the same quarter last year, but the nine-month figure is still a $413 million loss. Capital expenditures totaled $19.6 billion as the company builds out the Colossus II data center in Memphis, TN and invests in Starship. Elon Musk said power, cooling and infrastructure constrain AI deployment more than chips do, and projected annual recurring revenue of $500 billion to $1 trillion by the end of 2027. The article is financial and business news with no security incident, vulnerability or threat activity.
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SpaceX reports $14.6B Q3 revenue as AI business reaches 52% of income and Colossus II buildout continues
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SpaceX reported $14.6 billion in third-quarter revenue in a regulatory filing, with its AI business now accounting for 52% of income. The renamed "Super Intelligence" segment includes the recently acquired Cursor coding tool, the Grok bot and a neocloud business with 1.7 GW of compute. Net income was $4.4 billion, against a $1 billion loss in the same quarter last year, but the nine-month figure is still a $413 million loss. Capital expenditures totaled $19.6 billion as the company builds out the Colossus II data center in Memphis, TN and invests in Starship. Elon Musk said power, cooling and infrastructure constrain AI deployment more than chips do, and projected annual recurring revenue of $500 billion to $1 trillion by the end of 2027. The article is financial and business news with no security incident, vulnerability or threat activity.