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SpaceX attributes surge in revenue to booming AI segment

By CodeRao Tech Desk · October 24, 2026 · 1 min read
SpaceX attributes surge in revenue to booming AI segment

SpaceX reported third‑quarter revenue of $14.6 billion on Tuesday, a 161 percent increase from the same period last year. The company said the jump was “fueled by our Super Intelligence (SI) segment and accelerated growth in Connectivity.” The Space division recorded a $7 million operating loss, while the Connectivity unit generated $2.4 billion in operating income and the SI segment contributed $431 million.

The SI business alone produced $7.6 billion in revenue, an 830 percent rise year‑over‑year. According to SpaceX, this growth was “primarily driven by the activation of new cloud services agreements, the acquisition of Cursor, and increased Grok adoption across enterprise customers.”

Read the full story at The Verge.