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SpaceX Q1 Revenue Outpaces Forecasts
SpaceX achieved a record-breaking revenue growth of 161% in the third quarter of 2026, reaching $14.6 billion, surpassing analyst expectations of $12.72 billion. This success was primarily driven by the expansion of its satellite internet business, Starlink, and its ventures into artificial intelligence. Despite the strong financial performance, SpaceX's AI programs, such as the Groke platform, remain behind competitors like OpenAI and Google, primarily relying on leasing data center capacity rather than developing autonomous models. The company also expanded its subscriber base for internet services and continued developing the Starship system, which is reusable but has not yet entered commercial service; this development is viewed as a strategic move to support its long-term goals.
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