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Elon Musk's conglomerate spent more than $19bn on capital investments, more than Wall Street expected.
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Summary by ByteBrief

SpaceX reports Q3 capex of $19.6B, up from $6.9B a year earlier, and Q3 connectivity revenue, which includes Starlink, up 69% YoY to $5.2B (Becky Peterson/Wall Street Journal)

SpaceX Q3 Revenue Soars 161% on AI

SpaceX Posts First Operating Profit