https://www.live-feeds.com/feed/spacex-revenue-soars-161-as-ai-business-growsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/spacex-revenue-soars-161-as-ai-business-growshttps://www.live-feeds.com/feed/spacex-revenue-soars-161-as-ai-business-grows#u151799Sat, 24 Oct 2026 11:46:14 +0000SpaceX reported a 161% year-on-year revenue surge to $14.58 billion in the third quarter, driven by rapid expansion in its artificial intelligence and satellite businesses. Net income reached $4.4 billion, swinging the company to a profit after a string of losses following its public offering. Shares jumped over 8% following the financial release, which marked the second-ever quarterly earnings report issued by the Elon Musk-led aerospace manufacturer. Additionally, Musk hinted at evaluating a potential merger between SpaceX and Tesla during the earnings communication.Why it mattersThe earning