SpaceX tops Q3 estimates as revenue surges 161% on Starlink, AI compute expansion

SpaceX exceeded Q3 estimates as revenue surged 161%, driven by Starlink and the expansion of AI compute. The company's revenue growth was further boosted by strategic data centre deals. Additionally, Elon Musk’s conglomerate invested over $19bn in capital expenditures, a figure that surpassed Wall Street expectations. These financial results highlight the significant impact of AI infrastructure and satellite services on the company's overall fiscal performance and aggressive investment strategy during the third quarter.