Space company: Musk's SpaceX with billion-dollar quarterly profit
The space company SpaceX was long posting one billion-dollar loss after another. Thanks to revenue from AI data centers and the satellite service Starlink, it is now in the black.
SpaceX, Elon Musk's space company, achieved a $4.4 billion profit in the last quarter, following a long period of losses. The profit was driven by significant growth in its satellite internet business, Starlink, and its artificial intelligence computing centers. Starlink's revenue rose 69% to $5.2 billion, with 13.6 million customers as of September 30, and is available in 3,800 aircraft, including those used by Ukraine in its conflict with Russia.
The company's AI business saw revenue surge to $7.56 billion, with an operating profit of $431 million, after a loss of $1.7 billion the previous year. SpaceX's revenue jumped to $14.58 billion, beating analyst expectations.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
