SpaceX turns profitable for the first time, earning $4.4 billion; Musk responds to "merging with Tesla" and "in-house memory chips"

SpaceX reported its first profitable quarterly earnings since going public: Q3 revenue was $14.575 billion, up 161% year over year, with net profit of $4.4 billion, compared with a loss of $1.105 billion a year earlier. The Superintelligence (SI) business formed from the xAI integration posted quarterly revenue of $7.560 billion, up 830% year over year and accounting for 52% of total revenue, mainly from AI compute leasing to customers including Google and Anthropic.