SpaceX reported third-quarter sales of 14.58 billion dollars, above the 12.72 billion dollar consensus, and diluted earnings of 0.35 dollars per share versus a 0.13 dollar estimate. Starlink's average revenue per user rose to 69 dollars a month from 66 dollars, and the segment's sales grew 69% with operating profit nearly doubling. On the earnings call, Musk said the next Starship flight is expected in November, when SpaceX will attempt to catch both the booster and upper stage, with upper-stage reflight and in-orbit refueling planned early next year. AI revenue reached 7.6 billion dollars, up from 2.6 billion last quarter, but AI capex rose from 15.8 billion to 16.4 billion dollars, and the CFO guided to total company capex of 35 billion to 40 billion dollars next quarter. The article notes that while many results were strong, cash-basis financials look considerably worse, and whether the spending will generate sufficient returns for shareholders is the key question.
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