SpaceX’s AI business is beating expectations

Image Credits:Spencer Platt / Getty Images

1:40 PM PDT · October 20, 2026

SpaceX’s data centers and Grok agents have been more profitable than investors expected in second 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.

Elon Musk’s deep conglomerate reported on Tuesday $14.6 billion in third-quarter revenue. That number was driven by growth in all segments, but especially it’s…