SpaceX quarterly revenue jumps, beats estimates as AI business surges
Elon Musk’s SpaceX on Tuesday reported a 161% rise in revenue for the third quarter, beating estimates, buoyed by a surge in its AI business and steady growth at its Starlink satellite-internet unit. Revenue in the third quarter stood at $14.6 billion, compar...
Elon Musk said on Tuesday that a merger of his two companies SpaceX and Tesla would be “a good idea” and that they had formed special committees to discuss a union, sending shares of the space and technology company up 8% in extended trading. The company earlier posted its first profit as a public company and Musk said he expected annual recurring revenue of between $500 billion and $1 trillion by the end of 2027,...