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Tuesday, October 20, 2026Updated 23:23 UTC

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SpaceX says big AI growth fueled revenue jump

Source: The Verge · Oct 20, 2026 20:26 UTC

A rocket lifting off from a launch pad at Kennedy Space Center — File photo NASA/Tony Gray and Sandra Joseph · Public domain · Source

The Quick Take

SpaceX announced revenues of $14.6 billion in its Q3 earnings on Tuesday, which it says was a growth of 161 percent year-over-year "fueled by our Super Intelligence (SI) segment and accelerated growth in Connectivity." While its Space division posted a $7 million loss in income from operations, its Connectivity group posted income from operations $2.4 […]

Read the full story at The Verge

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