Musk's SpaceX with billions in quarterly earnings

Elon Musk's company SpaceX earned a billion dollars in profit last quarter after a long dry spell. The drivers were mainly strong growth in the space internet business and in AI data centers. Overall, SpaceX reported black numbers of 4.4 billion dollars (3.9 billion Euros), as the company announced today after the US stock market close. In the third quarter of the previous year, there was still a loss of a good one billion dollars. Revenue jumped from around 5.58 billion dollars a year before to 14.58 billion dollars. Analysts had generally expected a revenue of 12.7 billion dollars. Strong Plus in Starlink and AI In space internet with the satellite service Starlink, revenue increased by 69 percent to 5.2 billion dollars year-over-year. As of September 30th, Starlink had 13.6 million customers. The service is now available on among other things 3,800 aircraft. Ukraine also depends on it to defend itself in the Russian war of aggression. The operating result of the business division nearly doubled to 2.37 billion dollars. AI Revenue Up and Down After IPO SpaceX went public in mid-June with a record amount of 75 billion dollars. With an issue price of 135 dollars, Musk's company had a valuation of almost 1.8 trillion dollars at its debut. This was in stark contrast to the current business – but SpaceX justified the valuation with big plans for artificial intelligence (AI). In the first weeks after the IPO, the stock price rose – driven in part by the interest of private investors – to almost 225 dollars. After that, the stock fell below the issue price. In an initial reaction in after-market trading, the price increased by 1.5 percent to around 150 dollars.