SpaceX (SPCX) reported quarterly results for only the second time as a public company, with total revenue of $14.6 billion, up 161% year over year and nearly $2 billion above analyst expectations. The standout was its AI business, now called SI for superintelligence, which accounted for more than half of revenue in the latest quarter and generated about $430 million in net income after being unprofitable in the second quarter. Starlink subscriptions rose from 12 million to 13.6 million over the same period. SpaceX expects first-quarter 2027 revenue of $33 billion to $37 billion, versus $22.2 billion forecast by analysts. Shares were up 11.9% as of 10:10 a.m. ET, and the article suggests the recent $2.1 trillion valuation could look cheap if these trends continue.
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