SpaceX's Q3 Revenue Grows 161 Percent

SpaceX, the company owned by Elon Musk, announced a 161% increase in its third-quarter revenue, reaching $14.58 billion, surpassing analysts' expectations of $12.72 billion. It also recorded a net profit of $4.4 billion, compared to the projected earnings of $1.57 billion. This impressive performance was driven by strong growth in the Starlink satellite internet division and artificial intelligence operations. The company continues to expand its services, generating revenue from cloud computing contracts with companies like Google and Anthropic, despite incurring significant operating losses in its AI division.

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