1803 ET - SpaceX CEO Elon Musk offers an astronomical prediction of the company's annual recurring revenue by the end of next year: $500 billion to $1 trillion. Musk's remarks, on SpaceX's second-ever earnings call, come after the company swung to a profit in the third quarter, with revenue up 161% to $14.6 billion, mostly on the back of the company's AI business and compute deals. SpaceX CFO Bret Johnsen added that the company is on track to deliver $100 billion in annual recurring revenue by the end of this year. Shares of SpaceX gain 5% to $155.55 after-hours.
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