SpaceX's AI spending unnerves Wall Street despite promises of quick payoff

In addressing Wall Street for the first time since SpaceX's IPO, executives tried to make the case that hefty AI investments are paying off within a year.

Shares in AI to rockets group slide even as it says its quarterly revenues nearly doubled

The US stock market jumped to records as companies kept piling up profits and oil prices eased, while SpaceX released its first set of earnings since listing.

The US stock market jumped to records as companies kept piling up profits and oil prices eased, while SpaceX released its first set of earnings since listing.

SpaceX posted an operating loss of $143 million and an earnings per share loss of $0.09, beating analyst expectations of a loss per share of 26 cents.

SpaceX posted $7.8 billion in quarterly revenue, surging ahead of the $6.9 billion consensus, as Starlink subscribers doubled to 12 million and $14.1 billion in new AI contracts turbocharged financial results.

Nearly 1 Billion SpaceX Shares Unlock On Thursday  Forbes

U.S. markets were poised to open with gains and oil prices fell sharply after President Donald Trump said he would order U.S. forces to refrain from attacks against Iran and that a deal to end the fighting was near

SpaceX's first results put Musk's AI spending under Wall Street microscope  Reuters

Early backers of SpaceX are in line to share a windfall of up to $1trillion when a curb on selling their stakes in Elon Musk's rockets-to-artificial intelligence enterprise is lifted.