SpaceX posts $4.4 billion quarterly profit as revenue jumps 161%
SpaceX reported a $4.4 billion quarterly profit Tuesday, reversing a year-ago loss, as revenue soared 161% to $14.6 billion on booming satellite and AI businesses. CEO Elon Musk hinted at a potential merger with Tesla, though he downplayed an imminent deal. The AI business became SpaceX's largest revenue source, while Starlink remained the top profit generator, beating Wall Street expectations. Musk also announced plans to attempt catching both Starship rocket stages with mechanical arms next month, a key reuse milestone. Shares rose 7.5% after hours. SpaceX faces political scrutiny over government contracts and slowed military satellite speeds for Ukraine, which Musk and Trump deny ordering. Capital expenditures nearly tripled to $19.6 billion, and Musk promised to give one share to every American child next year.