Revenue SpaceX increased by 161%

Revenue SpaceX in the third quarter rose to $ 14.6 billion, which is 161% more than the quarterly revenue for the same period last year ($ 5.6 billion), according to the Financial Times, citing the company’s reporting.

Analysts predicted that the revenue of SpaceX for the quarter will be $ 12.9 billion, the newspaper notes. SpaceX’s data center lease deals have boosted sales and profits, helping offset the company’s significant investment in artificial intelligence.

SpaceX net profit for July-September amounted to $ 4.4 billion, which far exceeded Wall Street expectations (about $ 2 billion). For the same period last year, the company's net loss was $ 1.1 billion. According to the FT, the figures are driven by sales of cloud computing services: revenue from artificial intelligence grew nine times, to $ 7.6 billion, from $ 813 million a year earlier and tripled from $ 2.56 billion in the previous quarter.