There will be TWO FIRSTS from the $SPCX Q3 earnings today: 1. SpaceX will print its first profitable quarter ever 2. >50% of SpaceX revenue will not come from Space, but instead AI While the space & connectivity business is an incredible business growing very fast, it pales in comparison to an AI compute business which will almost 3x QoQ My guess is they will see both a huge jump in revenue from AI compute, as they are now renting near $60m/MW/year, in addition to revenue from the AI labs (Grok/Cursor/xAI), with the launch of GrokBot and newer frontier level models with Grok SpaceX is now an AI company with a rocket launch and connectivity business on the side, and this will become even more apparent in the quarters ahead