SpaceX's super intelligence (SI) segment, which includes AI infrastructure, cloud services and applications, generated $7.6 billion in third-quarter revenue, more than Starlink's $5.3 billion, as total revenue rose 161% year over year to $14.6 billion. The segment reported $5 billion in adjusted EBITDA and $431 million in operating income, yet SpaceX spent $19.6 billion in the quarter, $16.4 billion of it on SI, and expects total capex of $35 billion to $40 billion in the fourth quarter. The article notes that adjusted EBITDA excludes depreciation and capital spending, so the key question is whether future free cash flow will cover the heavy investment. The author suggests investors track AI revenue growth, cash generation and returns on the added computing capacity.
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SpaceXartificial intelligencecloud computingearnings
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| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.6T |
| Close on 10/30/2026 | 399.82 |
| Change that session | -0.86% |
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