SpaceX says AI generated 52% of its third-quarter revenue
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SpaceX reported $14.6 billion in third-quarter revenue and $4.4 billion in net income, reversing the loss recorded in the same period a year earlier. According to TechCrunch, the AI division, renamed “Super Intelligence,” accounted for 52% of revenue, or about $7.5 billion, driven by Cursor, Grok and data-center capacity rentals; the unit posted $431 million in profit before $1.2 billion in stock-based compensation tied to the Cursor acquisition.
Xataka reported that Starlink revenue reached about $5.2 billion, with 13.6 million subscribers, while the space division generated $1.8 billion. The outlet, citing Reuters, said most AI revenue comes from renting capacity to developers such as Anthropic, Google and Reflection AI. Capital expenditures totaled $19.6 billion, including $16.4 billion for AI, according to Xataka; CFO Bret Johnsen expects $35 billion to $40 billion in new investments in the fourth quarter.
Why it matters · editorial interpretation
The share attributed to AI places that division at the center of SpaceX’s reported results, but the stated profit needs to be read alongside $1.2 billion in stock-based compensation and planned investments of up to $40 billion. The case also illustrates the role of capacity rentals to developers in the company’s reported AI revenue.
Sources
BusinessHardware