SpaceX Allots 84% of Third Quarter Capex to AI Buildout

SpaceX allocated 84% of its third quarter capital expenditure to AI infrastructure buildout, driven by $7B in revenue from its "Super Intelligence" division and a $608M acquisition of Cursor. The segment reported $431M in operating income compared to a $1.7B loss a year earlier, while expanding computing capacity to 1.7 GW for its Colossus II facility. The connectivity business contributed 85% of total operating profit despite a decline in consumer monthly revenue per user from $83 to $69, and the space launch segment reported a $7M operating loss compared to a $259M profit in the prior-year quarter.