Source: press TechCrunch•October 21, 2026 at 12:17 AM

SpaceX’s AI business is beating expectations

SpaceX’s data centers and Grok agents were more profitable than investors expected in third quarter of the year, as the company leaves its roots as a space company behind to focus on artificial intelligence, which now makes up 52% of its income. CEO Elon Musk’s deep tech conglomerate reported…

CEO Elon Musk’s deep tech conglomerate reported $14.6 billion in third-quarter revenue on Tuesday, according to its regulatory filing.

← All articles

SpaceX’s AI business is beating expectations

What this article says

More in Telecom & Networks

SpaceX and Tesla boards form special committees to review merger

How to handle token limits in long AI support conversations

L3Harris Opens Next‑Generation Solid Rocket Motor Facility to Boost Production Capacity

SES Space & Defense Launch Demo Payload Supporting NASA Communications Services Plan

SpaceX alum’s aviation startup, Reliable Robotics, lands $115M, topping $1B valuation

An omnichannel AI front desk for hotels, built on Telnyx

More from SpaceX

SpaceX and Tesla boards form special committees to review merger

SpaceX alum’s aviation startup, Reliable Robotics, lands $115M, topping $1B valuation

Musk pledges to give ‘every kid in America’ one of his SpaceX shares

Elon Musk says he'll give a SpaceX share to every child in America next year

SpaceX policy manager set to testify as part of NYC Council AI safety investigation

Tesla reveals SpaceX-powered Roadster that flies and falls with style