SpaceX's AI Division Generates $7.56 Billion in Quarterly Revenue, Surpassing Expectations as Grok and Data Centers Drive Pivot From Space

SpaceX reported third-quarter earnings on Tuesday that significantly exceeded investor expectations, with its newly rebranded Super Intelligence division generating $7.56 billion in revenue—a 247% increase from the prior quarter and nearly triple analyst projections of $6.47 billion. The AI segment, which encompasses the Grok chatbot, the acquired Cursor coding platform, and a growing infrastructure business leasing compute capacity to competitors, now accounts for 52% of SpaceX's total $14.6 billion quarterly revenue.