🚨 UPDATE: $SPCX delivers $14.58 BILLION in Q3 revenue, up 161% year over year and roughly 15% above Wall Street’s $12.72B expectation. The biggest growth engine? AI. 🧠 Super Intelligence: $7.56B, up approximately 830%. New cloud-compute agreements, Grok adoption, and the Cursor acquisition fueled the surge. This segment includes AI operations and X. 🛰️ Connectivity: $5.25B, up 69%. Starlink reached 13.6 million consumer subscribers as its global footprint expanded. 🚀 Space: $1.77B, up 6%. Launch operations contributed, but AI and connectivity powered the breakout. AI now represents roughly 52% of quarterly revenue. My take: SpaceX is becoming an infrastructure platform spanning compute, communications, and launch capacity. Starlink remains the biggest operating-profit engine while AI drives the fastest revenue growth. The next test: turning that expansion into durable cash flow. Quarterly capital spending exceeded total revenue by $19.6B. A massive beat. An equally massive investment cycle.
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