SpaceX

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SpaceX revenue rises 161% to $14.6B as AI business overtakes Starlink

SpaceX made more money from artificial intelligence than from Starlink in the third quarter, as total revenue rose 161% to $14.6bn. The company also swung to a net profit of $4.4bn, from a $1.1bn loss a year earlier, according to its quarterly results, the second it has published since its listing. Both numbers beat Wall Street […]

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SpaceX will try catching Starship and its booster for first time, Musk says

SpaceX CEO Elon Musk said the company would attempt to catch Starship and its booster next month, with the goal of recovering the entire orbital launch system for the first time. If successful, Musk said, the attempt would mark the first time in history an orbital launch vehicle has been fully recovered. “This is a […]

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SpaceX says big AI growth fueled revenue jump

SpaceX announced revenues of $14.6 billion in its Q3 earnings on Tuesday, which it says was a growth of 161 percent year-over-year “fueled by our Super Intelligence (SI) segment and accelerated growth in Connectivity.” While its Space division posted a $7 million loss in income from operations, its Connectivity group posted income from operations $2.4 […]

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Elon Musk’s proposed SpaceX stock giveaway would go into ‘Trump Accounts’

President Donald Trump announced this afternoon that Elon Musk’s SpaceX shares for children will be given through Trump Accounts. Musk said earlier today that he would give one of his SpaceX shares to “every kid in America” sometime next year. Musk had thanked Trump Account booster Brad Gerstner for “helping enable this,” and Trump appeared […]

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Musk says he will give a SpaceX share to every child in America next year

Elon Musk’s pledge covers shares from his own stake, and he says it is only the first giveaway. He posted the pledge on X early on Monday, hours after Anthropic set out its own share plan. “Next year, I will give one of my SpaceX shares to every kid in America. This will be the […]

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The incredible flying Tesla Roadster is just for show

Last night, Elon Musk gave the people what they want: a car driving vertically up a multi-story ramp, launching off the edge, executing a mid-air “kickflip” over a lineup of Teslas, and landing via cold-gas thrusters. That’s what the people want, right? “We were promised flying cars,” sure, but isn’t the operative word in that […]

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The Tesla Roadster flew, drove upside down, and hit 60mph in under a second

Elon Musk promised a flying car. So the Tesla Roadster did exactly that. Tesla demonstrated its next-generation Roadster at an event in Waco, Texas, where the electric supercar drove upside down, briefly flew, and accelerated to 60mph in under a second. It was an impressive demonstration of a car that won’t go into production until […]

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SpaceX’s $8B spectrum deal exposes the risk in telecom shares

SpaceX agreed to pay about $8B for nationwide low-band US spectrum, and shares in AT&T, Verizon and T-Mobile fell on the news. Europe’s equivalent band comes up for selection in May 2027, with Brussels proposing that two-thirds of it be reserved for European firms and sovereign use. SpaceX has agreed to pay about $8B for […]

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