SpaceX reported third-quarter results, with expected revenue of $12.72 billion and earnings per share of 13 cents according to LSEG consensus estimates. AI operations generated $6.47 billion in revenue, connectivity sales reached $4.84 billion and the space business contributed $1.41 billion during the quarter. In the third quarter, SpaceX closed its $60 billion acquisition of Cursor, an AI coding startup. The company also received FCC approval to build a 15,000-satellite constellation and acquired 800 MHz of low-band spectrum, strengthening Starlink Mobile’s ability to compete with major carriers through broader, deeper coverage.
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