From 24/7 Wall St. · AJ Tiarsmith · · 1m 10s
SpaceX AI Beats Starlink in Revenue
SpaceX's AI unit now generates more revenue than Starlink, shifting focus from space to ground computing.
In brief
SpaceX's AI unit now generates more revenue than Starlink, shifting focus from space to ground computing. SpaceX's AI business generated $7.56 billion in Q3, surpassing Starlink's $5.25 billion revenue. Originally reported by 24/7 Wall St..
SpaceX Q3 Revenue Report
SpaceX reported $14.6 billion in Q3 revenue, a 161% increase from the previous quarter.
AI Unit Surpasses Starlink
Super Intelligence generated $7.56 billion in Q3, up 830% from Q2, surpassing Starlink's $5.25 billion.
AI Revenue Breakdown
AI revenue includes $7.02 billion from cloud services, $608 million from Cursor, and $538 million in advertising.
Capital Spending Shift
SpaceX spent $19.6 billion on capital projects, with $16.4 billion allocated to AI, up 83.7% from Q2.
Mars Priority Declines
Space segment lost $7 million on $1.77 billion revenue, with Mars city targets delayed to five to seven years.
Grok Bot Growth
Grok Bot launched in August with 800,000 paid weekly users, expected to reach $500 billion to $1 trillion in annual recurring revenue by 2027.
Starlink Profit Share
Starlink earned 84.9% of SpaceX's operating income at $2.37 billion, while AI generated $431 million.
At a glance
SpaceX's AI business generated $7.56 billion in Q3, surpassing Starlink's $5.25 billion revenue.
