Musk said Grok Bot, an always-on AI agent SpaceX launched in August, is the fastest-growing product he has ever seen and may end up using most of its superintelligence compute. SpaceX said Grok Bot had 800,000 paid weekly users earlier this month, more than doubling over the prior month, and expects wide enterprise deployment within a few weeks. Musk projected SpaceX's annual recurring revenue by the end of 2027 at between $500 billion and $1 trillion, but this is his own projection rather than company guidance. CFO Bret Johnson's stated goal is $100 billion in annual recurring revenue by year-end, while the AI unit's third-quarter revenue reached $7.6 billion, up 830% year over year, mainly from cloud services. Capital spending was $19.6 billion in the quarter and is expected at $35 to $40 billion in Q4.
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SpaceXartificial intelligenceElon Muskcloud computing
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Related tickers and likely impact
TSLA
▲ Likely positiveTesla, Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/20/2026 | 373.77 |
| Change that session | +1.55% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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