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Tuesday, October 20, 2026Updated 23:23 UTC

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SpaceX’s AI business is beating expectations

Source: TechCrunch · Oct 20, 2026 20:40 UTC

Close-up of supercomputer cabinet panels in a NASA data center — File photo NASA / Dominic Hart · Public domain · Source

The Quick Take

SpaceX’s data centers and Grok agents have been more profitable than investors expected in second quarter of the year, as the company leaves its roots as a space company behind to focus on artificial intelligence, which now makes up 52% of its income. Elon Musk’s deep conglomerate reported on Tuesday $14.6 billion in third-quarter revenue. […]

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