SpaceX Q1 Revenue Rises 161% Driven by Starlink
SpaceX achieved a significant increase in its revenue during the third quarter, rising by 161% to $14.58 billion, supported by growth in artificial intelligence ventures and an increase in Starlink service subscribers. The company's earnings per share were $0.35, and its adjusted EBITDA was $8.81 billion, while capital expenditures amounted to approximately $19.59 billion. The company recorded a $6.7 billion increase in revenue from infrastructure solutions and integrated systems, with continued growth driven by cloud service agreements and its acquisition of Cursor, along with a positive impact from AI projects and the Starlink service.
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