SpaceX's AI business generated $431 million profit in Q3 as revenue reaches $14.6 billion

SpaceX reported $14.6 billion in third-quarter revenue, with AI contributing $7.5 billion from its Super Intelligence line, including the Cursor coding tool, Grok bot, and neocloud business with 1.7 GW of compute. The AI segment posted $431 million in profit, though this would have been higher without $1.2 billion in one-time stock-based compensation tied to the Cursor acquisition. Revenue was also boosted by approximately $1 billion from Bitcoin price recovery and related-party income. Total capital expenditures reached $19.6 billion as SpaceX builds its second data center project, Colossus II.