Back to articles
DevPickView feed
ITmedia
Original published: Updated on DevPick:

SpaceX Turns Profitable with $4.4 Billion Net Income, Revenue Up 161%, AI-Renamed 'SI' Business Grows 830%

SpaceX Turns Profitable with $4.4 Billion Net Income, Revenue Up 161%, AI-Renamed 'SI' Business Grows 830%
AI summary
Editorial policyUpdated on DevPick:

SpaceX achieved a net profit of $4.4 billion and revenue exceeding $14.5 billion in the July-September quarter, driven by its renamed AI division 'SI' which now accounts for over half of total revenue.

Key points

  • •Revenue for the July-September quarter increased by 161% year-over-year to over $14.5 billion, turning the net income positive.
  • •The renamed AI division 'SI' accounted for more than half of total company revenue, leading rapid growth with an 830% increase.
  • •The acquisition of Cursor and the growth of Starlink contributed to the results, while Starship successfully achieved its first commercial orbital insertion.
Read the original(opens in a new tab)
#AI Companies & Funding#Major Players#SpaceX#Starlink#Starship

Related articles

See more
ITmedia

Musk CEO reveals that SpaceX and Tesla have set up a special committee for merger talks

SpaceX CEO Musk revealed the establishment of a special committee for a potential merger with Tesla, citing superintelligence development, semiconductor plants, and Starlink integration as benefits, while noting the lack of a guaranteed agreement and the high hurdle of requiring majority shareholder approval from Tesla.

TechCrunch

Google thinks SpaceX’s Starship has to launch 1,600 times before space data centers get off the ground

Google launched its first advanced chip into orbit for space data centers, outlining challenges to practical implementation.

ITmedia

Lawson and Post Offices Become 'Drone Bases' with Starlink Connectivity as KDDI Rushes to Build Drone Infrastructure

KDDI is accelerating the construction of nationwide drone infrastructure by utilizing Lawson stores and post offices as drone bases with Starlink connectivity.

TechCrunch

SpaceX locks in $40B GPU financing deal with Apollo

SpaceX has secured a binding commitment for roughly $40 billion in financing to purchase AI chips and related data center equipment, which the company described as the largest committed GPU financing ever.

The Verge

Sure, let’s smoosh SpaceX and Tesla together, who cares

SpaceX is planning to borrow 40 billion dollars for Nvidia chips, increasing its credit risk, while both companies have established special committees to discuss a potential merger.