dw

SpaceX’s revenue in the third quarter of 2026 rose 161% to $14.58 billion, while net profit reached $4.4 billion, beating analysts’ forecasts, according to #DW

The satellite network #Starlink and other SpaceX communications projects have become one of the company’s main financial engines, laying the groundwork for Musk’s ambitions in artificial intelligence (AI).

SpaceX’s revenue from AI-related activities increased more than ninefold to $7.6 billion, although this was mainly due to renting out cloud computing capacity.

The company’s own AI products, including the Grok chatbot, continue to lag behind the competition.

At the same time, AI investment accounted for $16.4 billion of SpaceX’s total capital expenditure of $19.6 billion.

The latter figure is almost three times higher than a year earlier, and the company expects capital expenditure to remain at the same level in the near future.

Analysts had forecast revenue of $12.72 billion and profits of around $2 billion.

Previously, the company had posted losses for more than a year.

Following the news, the company’s shares rose by approximately 4% in extended trading.
And #Musk promised every child in the United States a share of SpaceX.

Based on the valuation of Musk’s company at the time, this gift could be worth around $10.7 billion.

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