SpaceX posts $4.4B profit as AI revenue jumps ninefold
By Jai Hamid
SpaceX (SPCX) reported $14.58 billion in third-quarter revenue, but its reported $19.6 billion spending spree has raised questions about the cost of its aggressive expansion into artificial intelligence. According to the earnings report, revenue jumped 161% from last year, helped by rapid growth in its AI operations…
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Artificial intelligence
Computer systems that perform tasks that normally require human intelligence, such as understanding language, recognising images or making decisions.
AI is changing work, media and public services, raising questions about jobs, safety and regulation.
More about Artificial intelligenceRevenue
The total money a company earns from selling goods or services before any costs are subtracted.
Revenue growth shows demand for a company's products; profit shows whether it earns money from them.
More about RevenueQuarterly results
A public company's report of its revenue, profit and outlook for a three-month period.
Results show how a business is really doing and often move its share price sharply.
More about Quarterly resultsMore in Business
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