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The Economic Times
The Economic Times
Business

SpaceX Q3 revenue soars 161% YoY on AI business growth, beating estimates

SpaceX Artificial Intelligence Elon Musk Starlink Starship Anthropic Google Grok Reflection AI Satellites

Elon Musk’s SpaceX registered a 161% year-on-year surge in third-quarter revenue, beating analyst estimates, driven by a surge in its artificial intelligence business and steady growth in its Starlink satellite-internet unit, Reuters reported.

Revenue rose to $14.6 billion in the quarter, well above analysts’ estimate of $12.72 billion, according to data compiled by LSEG.

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