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Image Credits:Spencer Platt / Getty Images1:40 PM PDT · October 20, 2026
SpaceX’s information centers and Grok agents person been much profitable than investors expected successful 2nd 4th of the year, arsenic the institution leaves its roots arsenic a abstraction institution down to absorption connected artificial intelligence, which present makes up 52% of its income.
Elon Musk’s heavy conglomerate reported connected Tuesday $14.6 cardinal successful third-quarter revenue. That fig was driven by maturation successful each segments, but particularly it’s renamed “Super Intelligence” concern line, which includes the recently-acquired Cursor coding tool, Grok bot, and astir importantly, the company’s burgeoning neocloud business, which present boasts 1.7 GW of compute.
That fig was besides boosted by astir $1 cardinal successful income related to the betterment of bitcoin prices and an unspecified related-party income that mightiness beryllium attributed to a SpaceX concern successful different company.
The increasing gross is balanced against full superior expenditures of $19.6 billion, arsenic SpaceX continues to physique retired a 2nd information halfway project, Colossus II, and summation concern successful Starship, the dense assistance rocket it sees arsenic captious to deploying a caller procreation of Starlink satellites and processing orbital information centers.
This is simply a processing story. TechCrunch volition update.
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Tim Fernholz is simply a writer who writes astir technology, concern and nationalist policy. He has intimately covered the emergence of the backstage abstraction manufacture and is the writer of Rocket Billionaires: Elon Musk, Jeff Bezos and the New Space Race. Formerly, helium was a elder newsman astatine Quartz, the planetary concern quality site, for much than a decade, and began his vocation arsenic a governmental newsman successful Washington, D.C. You tin interaction oregon verify outreach from Tim by emailing [email protected] oregon via an encrypted connection to tim_fernholz.21 connected Signal.
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