SpaceX reports its renamed Super Intelligence line at $7.5B in Q3 revenue, over half of $14.6B total, and $431M in profit

TechCrunch reported on Oct 20 that SpaceX's AI business is beating expectations. In a regulatory filing the company disclosed Q3 revenue of $14.6 billion, up year over year, with the renamed Super Intelligence line contributing $7.5 billion, roughly 52% of the total, and $431 million in profit that already includes $1.2 billion in one-time stock-based compensation tied to the Cursor acquisition. Net income was $4.4 billion against a $1 billion loss a year earlier.

Notably, the report does not break out a line item called xAI revenue and instead uses the Super Intelligence name, covering the recently acquired Cursor coding tool, the Grok chatbot and agents, and the neocloud data center business, which now has 1.7 GW of compute capacity with a second large campus, Colossus II, under construction. The report says the data center and Grok agents both outperformed investor expectations, but the page provides no consensus estimates and no separate revenue or profit for Cursor, Grok or neocloud. Total revenue also includes roughly $1 billion from a bitcoin price recovery and an unspecified related-party item, so the full $14.6 billion cannot be treated as AI revenue.

On capital spending, quarterly capex reached $19.6 billion, mainly for Colossus II and Starship, with $35 billion to $40 billion more expected in Q4. Musk said he spends four days a week at the Colossus II site in Memphis, Tennessee, and that the main constraint on deploying super intelligence is now power, cooling and infrastructure rather than chips. He also said turbines for data center power face 12 to 18 month delays and that SpaceX is using its own metal casting to produce the needed blades. The next Starship flight is expected in November, when the company will attempt to recover both the first and second stage, with Musk saying successful reuse of both is the real milestone.

On users and forecasts, Starlink reached 13.6 million consumer subscribers, though the article gives no separate Starlink AI revenue. Musk projects the Super Intelligence line will reach $500 billion to $1 trillion in annual recurring revenue by the end of 2027, against $7.5 billion in current quarterly revenue. CFO Bret Johnsen offered the nearer-term forecast of $33 billion to $37 billion in total revenue for Q1 2027. The article is flagged as a developing story, and the title's claim of beating expectations is qualitative since no consensus estimates are listed.