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SpaceX’s Bold Bet on AI and Starship | Salt Lake City News

SpaceX’s Bold Bet on AI and Starship | Salt Lake City News

Published 5 days, 20 hours ago
Description

SpaceX just dropped its first public earnings report — revenues soared 92% in Q2, but losses still linger, though shrinking. The company dumped nearly $18 billion on AI infrastructure and Starship development, rattling investors and sending the stock down. Musk remains bullish, touting Starship as a game-changer for space travel and Starlink as the profit engine powering the future — even if AI operations lost over $1 billion.

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