SpaceX’s data centers and Grok agents have been more profitable than investors expected in second quarter of the year, as the company leaves its roots as a space company behind to focus on artificial intelligence, which now makes up 52% of its income. Elon Musk’s deep conglomerate reported on Tuesday $14.6 billion in third-quarter revenue, […]
SpaceX’s AI business is beating expectations
TE TechCrunch 
Key takeaways
SpaceX's AI business exceeded expectations, contributing 52% of its income and driving $14.6 billion in Q3 revenue.
- SpaceX's AI segment, including Grok and neocloud, now makes up 52% of its income.
- Revenue reached $14.6 billion, with $4.4 billion in net income for Q3.
- Capital expenditures totaled $19.6 billion, despite profitability turnaround.
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