SpaceX posted its first operating profit as a public company, with third-quarter revenue up 161% year over year to $14.6 billion, above the $12.86 billion analysts expected, and operating income of $2.79 billion versus $2.33 billion expected. Its AI segment, renamed 'Super Intelligence,' generated $7.56 billion in revenue, nearly triple the $2.56 billion of the previous quarter and above the $6.47 billion forecast, from computing capacity leased to companies including Anthropic, Google, Grok and X. Connectivity revenue, mostly from Starlink, rose 69% to $5.25 billion, though Starlink added 1.6 million consumer subscribers, short of the 2.29 million analysts had projected. Capital spending reached $19.6 billion, and the release did not include a full-year forecast. Separately, SpaceX agreed to buy Grain Management's 800-megahertz-band licenses, a deal the Wall Street Journal reported at $8 billion, subject to FCC approval.
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