SpaceX's share price rose after its after-hours earnings release. Strong growth in its AI and satellite internet businesses contributed to third-quarter results.
SpaceX's share price rose in after-hours trading as it released earnings for the July-September period. Earnings per share and revenue exceeded market expectations, and its space, communications and AI businesses performed well. Significant growth in the AI and satellite internet businesses was a particular contributor.
Starlink's consumer subscriber count was 13.6 million in the third quarter, while average monthly revenue per customer was $69. AI capital expenditure was $16.4 billion, below expectations, but overall investment remained high.
Key third-quarter figures included earnings per share of $0.35, revenue of $14.58 billion, space revenue of $1.77 billion, communications revenue of $5.25 billion and AI revenue of $7.56 billion. Operating profit was $2.79 billion, EBITDA was $8.81 billion, capital expenditure was $19.59 billion, the number of rocket launches was 35, orbital injection mass was 476 tonnes, and research and development expenses were $4.60 billion.