SpaceX AI Segment Revenue Surges 830% Driven by Data Center Expansion
Space Exploration Technologies (SPCX) is experiencing massive growth through its newly designated 'super intelligence' (SI) segment, which includes AI infrastructure, the Cursor software platform, the Grok LLM, and X. In the third quarter, SI revenue skyrocketed 830% year-over-year to $7.56 billion, yielding an adjusted EBITDA of nearly $5 billion. The primary driver is the company's aggressive build-out of AI infrastructure. SpaceX aims to expand its compute capacity from a current 1.7 gigawatts to as much as 13 gigawatts by the end of next year, with a long-term goal of reaching 20 gigawatts by 2027. The company is leveraging Nvidia's Vera Rubin platform to scale this 'neocloud' infrastructure.
Topics: AI Infrastructure Quarterly Earnings Space Exploration Technologies Super Intelligence Segment