On an internal meeting at $SPCX , Musk said:
Spacex’s AI business revenue will soon exceed the sum of its other business lines
AI revenue will exceed SPCX’s other businesses in September
The exceeded items include: rockets, Starlink, Dragon spacecraft, etc.
SPCX is a rocket-making company—now it is taking borrowed money and investing in AI, and the costs are extremely high. Although it becomes profitable quickly, it still is running at a loss
AI consumes the vast majority of capital expenditures, reducing the rocket segment’s relative share
The Space segment is still losing money due to Starship’s high R&D investment
In Q2 alone, the operating loss was about $540 million; all of this is investors’ money #spacex
Spacex’s AI business revenue will soon exceed the sum of its other business lines
AI revenue will exceed SPCX’s other businesses in September
The exceeded items include: rockets, Starlink, Dragon spacecraft, etc.
SPCX is a rocket-making company—now it is taking borrowed money and investing in AI, and the costs are extremely high. Although it becomes profitable quickly, it still is running at a loss
AI consumes the vast majority of capital expenditures, reducing the rocket segment’s relative share
The Space segment is still losing money due to Starship’s high R&D investment
In Q2 alone, the operating loss was about $540 million; all of this is investors’ money #spacex
