SpaceX reported revenue of $14.6 billion for the third quarter, marking a 161 percent year-over-year increase. The company attributes this growth primarily to its Super Intelligence segment and its Connectivity division.
The Super Intelligence business generated $7.6 billion in revenue, an 830 percent rise compared to the previous year. This segment recorded $431 million in operating income, supported by new cloud service agreements, the acquisition of Cursor, and the adoption of Grok.
The Connectivity group, which includes Starlink, reached $5.2 billion in revenue and reported 13.6 million consumer subscribers. Operating income for this division reached $2.4 billion.
The Space division posted $1.8 billion in revenue, representing a 6 percent year-over-year increase, though it recorded an operating loss of $7 million.
This report follows the company's IPO in June. Recent corporate activities include the completion of the $60 billion acquisition of Cursor, the 13th Starship launch, and the release of the V5 Starlink residential dish.
