SpaceX is growing fast. But it’s spending even faster.
- Revenue nearly doubled to $7.8B, up 92%
- Capex exploded to $18B+, driven by AI
- Starlink is profitable, making ~$1.66B
- AI revenue jumped, but the segment lost $1.26B
- Stock fell as much as 7.5% after earnings
The big bet 
SpaceX spent $15.83B on AI compute this quarter alone. Musk says the investment could pay back in under a year.
Meanwhile, Starlink is quietly funding the rocket and AI businesses.
The real question 
At a $1.5T-$1.6T valuation, investors are betting SpaceX can win in rockets, Starlink, AI and mobile all at once.
That’s a lot riding on one company.
To read the full blog, click: SpaceX earnings: Revenue Doubled Why SPCX Stock Tumbled 8%