SpaceX reported third-quarter revenue of $14.6 billion, up 161% year-over-year, beating the $12.86 billion analysts expected. Operating income came in at $2.79 billion, marking the first profitable quarter since going public in June after a loss of $143 million in the second quarter. The AI segment, renamed Super Intelligence, generated $7.56 billion in revenue, nearly tripling from $2.56 billion the previous quarter. Capital spending reached $19.6 billion in the quarter, with projections indicating an increase to $197.4 billion by fiscal year 2028, while debt is expected to rise from $50.7 billion in 2025 to $350 billion in 2029.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
