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SpaceX Q4 revenues beat forecasts
SpaceX, Elon Musk's company, achieved a 161% increase in its third-quarter revenues, reaching $14.6 billion, surpassing analysts' expectations of $12.72 billion. This growth was driven by significant advancements in artificial intelligence (AI) activities and the Starlink satellite internet unit. The company's AI operations include programs like Grog and the X platform, with revenue primarily generated from leasing data center capacity to developers and companies such as Anthropic and Google, despite ongoing high losses in the AI division. Meanwhile, the satellite internet unit continued its expansion with the launch of new satellites and the rollout of multiple services for users. The reusable Starship system has not yet entered commercial operation, but there has been gradual progress in satellite launches and the development of AI infrastructure.
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