SpaceX AI Business Grows Rapidly: Revenue Expansion and Massive Investment Continue
SPCX Space Exploration Technologies Corp
$134.27 +8.62%
View chart & analysis → - 1SpaceX recorded $14.6 billion in third-quarter revenue, achieving a 161% year-over-year revenue growth rate.
- 2Third-quarter SpaceX SI segment revenue of $7.6 billion surpassed Starlink revenue of $5.3 billion.
- 3SpaceX spent $19.6 billion in the third quarter, and expected total capital expenditure for the fourth quarter is between $35 billion and $40 billion.
So what's the key point?
SpaceX significantly increased its revenue through its artificial intelligence business. As the scale of the business grows, spending has also increased to around $40 billion.
Source The Motley Fool +1 · View original ↗
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