SpaceX Corp (NASDAQ:SPCX) is becoming an AI infrastructure company that also happens to launch rockets, according to analysts.   The market rewarded the shift Wednesday, sending shares up more than 10% after third-quarter results beat estimates in each of its three segments.  The numbers explain the reaction. Revenue in the AI infrastructure segment (SI) reached $7.6 billion, versus $2.6 billion a quarter earlier and a Street forecast of $6.5 billion. EBITDA of $5 billion, against $4 billion expected, came ...

We frame this preview around three key investor debates/questions: n How should investors think through the build out of terrestrial compute capacity over the next ~12-18 months? Based on management commentary, we believe that visibility into scaling to 2.4GW by YE26 is high. Heading into 2027, we expect for the key variables to make progress toward a range of 5-10GW of terrestrial compute (7.0GW by YE27 & 10.6GW by YE28) include: (a) power & cooling; (b) shells (i.e. datacenter infrastructure); & (c) serve ...

October 11, 2026 10:11 PM GMT SpaceX | North America Why Starship Flight 15 Really Matters T-minus ~1 month. Each Starship launch can deliver 1-2+ months' worth of (Falcon 9 equiv) bandwidth, and Flight 15 (ship catch or not) is a serious proof point toward reusability, de-risking TAM expansion opps across the business. Most investors we speak with are still watching from the sidelines. Flight 15 (~1 month from now) is shaping up as SpaceX's biggest test towards Starship reusability since the IPO, with Flig ...