SpaceX revenue surges 161% to $14.6 billion in Q3 on SI, Starlink growth
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓SpaceX revenue surged 161% to $14.6 billion in the July-September quarter.
- ✓The aerospace giant swung to a $4.4 billion net profit, driven by strong growth in its Super Intelligence business and Starlink services.
- ✓The company added 1.6 million Starlink subscribers, while its computing infrastructure capacity reached 1.7 gigawatts by September 30.
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- BUSINESS
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- Business Line
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- India Economy
Elon Musk-led aerospace giant SpaceX reported a 161 per cent y-o-y jump in revenue to $14.6 billion in the July-September quarter, driven by strong growth in its Super Intelligence business and Starlink connectivity services, as the aerospace company swung to a net profit. According to the company's third-quarter results, revenue rose from $5.6 billion in the same period last year.
Net income stood at $4.4 billion, compared with a net loss of $1.1 billion a year earlier. Adjusted EBITDA, a measure of operating performance, increased 306 per cent to $8.8 billion from $2.2 billion. The Super Intelligence (SI) segment, which includes computing infrastructure, models and software applications, was the biggest contributor to quarterly revenue growth. Its revenue surged 830 per cent y-o-y to $7.6 billion, compared with $813 million a year earlier.
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