{
  "id": 15823766,
  "title": "SpaceX profit beats estimates on 161% revenue jump, growth in AI, satellite internet businesses",
  "url": "https://urgent.news/2026/10/20/spacex-profit-beats-estimates-on-161-revenue-jump-growth-in-ai-15823766",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-20T22:45:51.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/international/global/spacex-profit-beats-estimates-161-revenue-jump-growth-ai-satellite-internet-businesses"
  },
  "original_language": "en",
  "account": "SpaceX surpassed analysts' expectations for quarterly revenue and profit, with its shares soaring as much as 4.7% in New York trading. The company reported a net income of US$4.4 billion for the quarter ending in September, compared to the average forecast of US$1.88 billion. Revenue grew by 161% year-over-year, also beating expectations. Elon Musk's aerospace and AI conglomerate's AI business, now known as Super Intelligence (SI), generated US$7.56 billion, a nine-fold increase from a year ago. Starlink, SpaceX's satellite internet service, had 13.6 million subscribers by the third quarter, slightly below the 14.2 million expected by analysts, but revenue still increased by 69% year-over-year to US$5.25 billion. Despite the record-breaking IPO in June and a market valuation of US$2 trillion, SpaceX's future growth plans remain costly and uncertain, such as building data centers in space and developing the reusable Starship rocket.",
  "summary": "Its shares rose as much as 4.7% as at 4.50 pm in New York",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "SpaceX quarterly revenue jumps, beats estimates as AI business surges",
        "url": "https://urgent.news/2026/10/20/spacex-quarterly-revenue-jumps-beats-estimates-as-ai-business-surges-15800111",
        "published": "2026-10-20T20:08:59.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "SpaceX quarterly revenue jumps, beats estimates as AI business surges",
        "url": "https://urgent.news/2026/10/20/spacex-quarterly-revenue-jumps-beats-estimates-as-ai-business-surges",
        "published": "2026-10-20T20:35:29.000Z"
      },
      {
        "outlet": "ABC News (US)",
        "title": "SpaceX revenue soars 161% as AI business grows",
        "url": "https://urgent.news/2026/10/20/spacex-revenue-soars-161-as-ai-business-grows",
        "published": "2026-10-20T21:44:26.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "SpaceX profit beats estimates on 161% revenue jump, growth in AI, satellite internet businesses",
        "url": "https://urgent.news/2026/10/20/spacex-profit-beats-estimates-on-161-revenue-jump-growth-in-ai",
        "published": "2026-10-20T22:45:51.000Z"
      }
    ]
  },
  "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."
}