SpaceX Q3 revenue rose 161% to $14.6 billion as its Super Intelligence AI unit hit $7.56 billion, passing Starlink. Capex hit $19.6B.
Elon Musk said during SpaceX's earnings call that the AI and rocket company is "hounded relentlessly by every hyperscaler" to rent compute.
Shares in SpaceX rallied after the closing bell on Tuesday, as the rocket manufacturer reported third-quarter revenue and net income that comfortably exceeded analysts’ expectations.
SpaceX's AI spending was lower than Wall Street expected but higher than the company spent the quarter before.
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