AISeeking Alphaabout 4 hours ago
SpaceX: How AI Ruined A Perfect Business
1 min read
SpaceX trades at a $2.5 trillion valuation despite an $8.68 billion net loss over the last twelve months. xAI division losses of $6.35 billion erased operating profitability, consuming 76% of Q1 2026 CapEx. The Space + Connectivity division generated a 24% operating margin.
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