SpaceX says big AI growth fueled revenue jump

SpaceX reported third-quarter revenue of $14.6 billion, marking a 161 percent increase over the previous year. The company attributed this financial growth to its Super Intelligence segment, which helped drive a $4.4 billion net profit despite operational losses within its space division. This performance highlights a significant shift in the company's business model as it pivots toward AI-focused operations alongside its existing connectivity and space services.