The Verge
The Verge
US · 9 mins ago

SpaceX is barely Space and mostly X

Privatize the profit, socialize the losses? | Image: Cath Virginia / The Verge, Getty Images Once, I had some questions about why SpaceX, Elon Musk's healthiest company, acquired xAI, his sickliest one. Now I have some questions about why we're calling the whole thing SpaceX. Look, what we have here, by revenue, is primarily a telecom company and a company that rents compute, according to SpaceX's first quarterly earnings statement as a public company. The space sector of the business didn't…
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