SpaceX quarterly revenue jumps, beats estimates as AI business surges

SpaceX achieved a quarterly profit of $4.4B, with total revenue jumping 161% to $14.6B in the third quarter. This growth beat estimates as the company's AI business surged, with AI revenue now overtaking traditional rocket operations. This shift highlights the transformative economic impact of AI on business models and market expectations, signaling a broader trend where AI dominance reshapes tech industries and surpasses traditional sectors in terms of financial contribution and overall growth.