SPACEX SWINGS TO $4.4 BILLION QUARTERLY PROFIT

SpaceX reported third-quarter revenue of $14.6 billion, up 161% year-over-year, according to the earnings release filed with the SEC. Net income reached $4.4 billion, a swing of $5.5 billion from a $1.1 billion loss in the same quarter last year. The company's Super Intelligence segment, its artificial intelligence business, grew 830% to $7.56 billion and overtook Starlink connectivity, which rose 69% to $5.25 billion, to become SpaceX's largest source of revenue. $SPCX is increasingly behaving like an AI company that also launches rockets.