SpaceX earnings show AI business beating expectations at 52% of revenue

SpaceX's earnings show AI now makes up 52% of revenue, with third-quarter revenue of $14.6 billion and net profit of $4.4 billion. Growth comes especially from the renamed Super Intelligence business, which covers the recently acquired Cursor, Grok and a new cloud business with 1.7 GW of compute.

Why it matters: SpaceX swung to a third-quarter profit, but it is still in the red for the first nine months and keeps spending on data centers.