SpaceX quarterly revenue rises 161% to $14.6 billion

SpaceX generated $14.6 billion in third-quarter revenue, up 161% from a year earlier, according to the company’s results.

Net income for July through September was $4.4 billion. The company had reported a $1.1 billion net loss in the same period a year earlier.

Revenue from its artificial intelligence business grew roughly ninefold, from $813 million a year earlier to $7.6 billion. The preceding quarter’s figure was $2.56 billion.

The Financial Times linked the stronger results to sales of computing capacity and data centre leasing.