SpaceX (SPCX) reported third-quarter results on 20 October, with total revenue up 161% year over year to $14.6 billion and revenue from its AI unit, Super Intelligence (SI), soaring 830% to $7.6 billion, including a $608 million contribution from an acquisition closed in August. SI capital expenditure reached $16.4 billion, up 245.5%, and the article argues much of this spending may flow to Nvidia (NVDA), since older H100 GPUs are renting at a premium to their launch price. CEO Elon Musk predicted a shortage of superintelligence compute lasting for some time. For CoreWeave (CRWV), second-quarter revenue rose 112.5% to $2.6 billion and its revenue backlog reached $104 billion, up 245.5%, though heavy debt used to fund its AI ambitions and customer concentration remain risks.
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| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/23/2026 | 211.00 |
| Change that session | -0.57% |
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