News · Yahoo Finance

Elon Musk Says SpaceX Is Now a “Super Intelligence” Company

In its third-quarter report, SpaceX (SPCX) renamed its artificial intelligence segment “Super Intelligence,” a term CEO Elon Musk favors and that President Donald Trump has promoted. Sales for the segment rose 830% year on year to $7.56 billion, making it the largest segment by revenue and more than the combined $7.02 billion of its space and connectivity segments. On the third-quarter call, Musk said he expects annualized recurring revenue of $500 billion to $1 trillion by the end of 2027. The article puts the market capitalization at roughly $2 trillion against $18.7 billion in sales last year, describes the stock as high-risk, high-reward, and argues that the segment's momentum justifies the valuation.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Elon Musk Says SpaceX Is Now a "Super Intelligence" Company

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SpaceXElon Muskartificial intelligenceearningsvaluation

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