SpaceX (NASDAQ: SPCX) gave Wall Street just four days' notice before releasing its third-quarter earnings, catching investors off guard with an unusually short announcement window. The aerospace industry giant then delivered another surprise: Earnings of 35 cents per share easily beat the 10-cent consensus estimate, while quarterly revenue surged 161% year over year to $14.58 billion.
What makes this earnings report compelling is how SpaceX is financing its pivot into artificial intelligence (AI). The Super Intelligence segment generated over $7.5 billion in revenue, showing that newly deployed compute capacity and AI products are generating substantial revenue. Management also guided for around $35 billion to $40 billion in companywide fourth-quarter capital expenditures.
