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SpaceX says big AI growth fueled revenue jump

The Verge · 2026-10-20 · Auto-collected and curated by AiEmy Cloud (AiEmy Cloud StAck)

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AI Summary
[Topic] SpaceX says big AI growth fueled revenue jump
[Type] Object Storage Industry News
[Key points]
1. SpaceX announced revenues of $14.6 billion in its Q3 earnings on Tuesday, which it says was a growth of 161 percent year
[Industries] Object Storage
[Related products] Object Storage
[Source] The Verge (auto-collected by AiEmy Cloud / AiEmy Cloud StAck)

SpaceX announced revenues of $14.6 billion in its Q3 earnings on Tuesday, which it says was a growth of 161 percent year-over-year "fueled by our Super Intelligence (SI) segment and accelerated growth in Connectivity." While its Space division posted a $7 million loss in income from operations, its Connectivity group posted income from operations $2.4 […]

Elon Musk with big green arrows pointing up.

SpaceX announced revenues of $14.6 billion in its Q3 earnings on Tuesday, which it says was a growth of 161 percent year-over-year "fueled by our Super Intelligence (SI) segment and accelerated growth in Connectivity." While its Space division posted a $7 million loss in income from operations, its Connectivity group posted income from operations $2.4 billion and its SI group posted $431 million.

The company's so-called "SI" business saw revenues of $7.6 billion, which were up 830 percent year-over-year, "primarily driven" by "the activation of new cloud services agreements, the acquisition of Cursor, and increased Grok adoption across ente …

Read the full story at The Verge.

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