{
  "id": 15803456,
  "title": "Live: ASX set to rise as SpaceX AI revenue surges",
  "url": "https://urgent.news/2026/10/20/live-asx-set-to-rise-as-spacex-ai-revenue-surges",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-20T21:19:14.000Z",
  "source": {
    "name": "ABC News AU",
    "slug": "abc-news-au",
    "url": "https://www.abc.net.au/news/2026-10-21/asx-markets-business-live-news-oct-22-2026/107290728"
  },
  "original_language": "en",
  "account": null,
  "summary": "SpaceX reported third-quarter revenue of $14.6 billion, representing a 161% increase year-over-year and exceeding analyst estimates. The company's \"Super Intelligence\" (SI) segment, which includes Grok, X, and data-center operations, drove significant growth. The Verge reported SI revenue reached $7.6 billion, a figure it noted was up 830% year-over-year due to new cloud services agreements, the acquisition of Cursor, and increased Grok adoption. Business Recorder states the AI business earns revenue primarily by renting out data-center capacity to developers such as Anthropic, Google, and Reflection AI.\n\nThe company's connectivity business, driven largely by Starlink, saw revenue rise to between $5.2 billion and $5.25 billion. Fortune reported that Starlink added 1.6 million consumer subscribers during the quarter, though this fell short of analyst predictions of 2.29 million. The Space division's revenue rose 6% to approximately $1.77 billion to $1.8 billion.\n\nSpaceX reported a net income of $4.4 million for the quarter, a turnaround from a net loss in the second quarter and a year ago. Operating income reached $2.79 billion according to Fortune. The SI group posted $431 million in operating income, according to The Verge and Techmeme, which noted this was an increase from a previous $1.7 billion loss. Capital spending for the quarter was $19.6 billion.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "CNBC Technology",
        "title": "SpaceX earnings live updates: Starlink growth, AI revenue and merger speculation",
        "url": "https://urgent.news/2026/10/20/spacex-earnings-live-updates-starlink-growth-ai-revenue-and-merger",
        "published": "2026-10-20T13:33:06.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}