The space and AI company reported revenue of $14.58 billion for the previous quarter, up 161 percent year over year. Analysts had expected revenue of $12.7 billion, according to CNBC.
The company also reported first-quarter profit of $4.4 billion, or 35 cents per share. This was significantly higher than analysts' average forecast of $1.88 billion, according to Bloomberg.
The stock was up 1.5 percent 45 minutes into after-hours trading.
SpaceX is more than just a space company. Its largest segment is called AI, or rather SI ("superintelligence"), with revenue totaling $7.56 billion.
Previously, the company's satellite and communications services, which include Starlink, were its largest segment. That segment brought in $5.25 billion.
In the space segment, which includes rocket launches, total costs increased by $367 million compared with the previous year.
This is SpaceX's second quarterly report since its record-breaking IPO in June. When the company was listed on Wall Street, the share price was $135. At the close on Tuesday, the price was $147.79.
