SpaceX makes much money with AI
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Elon Musk owns the company SpaceX. The company shows very good numbers now. In the 3. quarter SpaceX makes 4,4 billion dollar profit. This is about 3,9 billion euro. One year ago the company has a big loss. The revenue rises to 14,58 billion dollar. This is much more than experts think before.
Two areas are very important for the success. The first area is the satellite service Starlink. It brings fast internet from space. Starlink now has 13,6 million customers. People use the service in airplanes too. The second important area is artificial intelligence. SpaceX builds big computer centers for this. The company rents these centers to other companies.
SpaceX is at the stock market since June. The value of the company is very high. This comes from the plans for AI. The company builds a very big rocket too. It has the name Starship. Transport to space becomes cheaper with it. SpaceX is very important for space flight of the USA today.
Two areas are very important for the success. The first area is the satellite service Starlink. It brings fast internet from space. Starlink now has 13,6 million customers. People use the service in airplanes too. The second important area is artificial intelligence. SpaceX builds big computer centers for this. The company rents these centers to other companies.
SpaceX is at the stock market since June. The value of the company is very high. This comes from the plans for AI. The company builds a very big rocket too. It has the name Starship. Transport to space becomes cheaper with it. SpaceX is very important for space flight of the USA today.
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Definitions
- Quarter
- A time span of 3 months in one year.
- Artificial intelligence
- Computer programs that solve tasks alone and learn like humans.
- Computer centers
- A building with many strong computers for big tasks.
- Revenue
- The total money a company gets from sales.
- Stock market
- A place where people buy and sell parts of companies.
People
- Elon Musk
- A known businessman from the USA who owns the company SpaceX.
Locations
- USA
- A big country in North America.
Sources
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