Space Exploration Technologies (NASDAQ: SPCX) is one of the most ambitious and aggressive companies on the planet. Among CEO Elon Musk's more hyperbolic assertions is that it could eventually be worth more than the entire economy of Earth. It has huge goals that extend beyond this planet into space, eyeing ventures such as deploying a fleet of data center satellites, mining asteroids, and colonizing Mars. While those more ambitious undertakings will likely be further out, the company's biggest growth driver in the nearer term will be its artificial intelligence (AI) businesses, which now fall under its newly named "super intelligence" (SI) segment. This includes its AI infrastructure business, AI software engineering platform Cursor, its Grok large language model (LLM), and social media platform X. In the third quarter, that segment's revenue climbed 830% from $813 million a year ago to $7.56 billion, making it the largest segment by revenue. Meanwhile, the segment reported an operating profit of $431 million and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of nearly $5 billion.
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