SpaceX's "Super Intelligence" Segment Just Made the Stock a Must-Own
Key PointsSpace Exploration Technologies saw tremendous growth from its Super Intelligence division during Q3.
SpaceX's stock has been deemed a "must-own" following its impressive Q3 earnings report, with particular focus on its Super Intelligence (SI) segment. This AI-focused business has shown remarkable growth, delivering $7.56 billion in revenue, an astonishing 830% increase from $813 million in the previous year. SpaceX's SI division also includes X (formerly Twitter) ad revenue, which grew from $454 million to $538 million.
The segment's capital expenditures were $16.4 billion, reflecting the company's confidence in its rapidly expanding AI infrastructure. The company's AI models, including the Grok AI platform and Grok Bots, are gaining traction, indicating significant growth potential. Investors should consider the company's heavy investment in infrastructure, given the massive AI adoption across businesses and individual users.
While the current stock price may be inflated due to expected future growth, a strong Q4 performance could solidify SpaceX's position as a top AI investment.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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