Episode Details

SpaceX just dropped its first-ever quarterly earnings report, smashing revenue expectations with $7.8 billion in Q2 — up 66% from Starlink alone — but still hemorrhaging cash at $541 million, on top of a $4.3 billion loss in the first three months. The real story? AI is exploding, with revenue jumping 247% year-over-year, as SpaceX pours $18.4 billion into xAI infrastructure — nearly $16 billion of it — signaling a massive bet against giants like OpenAI and Google. Despite beating Wall Street’s forecasts, shares dipped after-hours as investors grapple with the company’s audacious financial strategy to fuel Mars colonization and AI dominance.

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