2 Days
Source:
New York Post
_1777370193195_831968492.png&w=48&q=75){kind=small}
SpaceX's Big Moves and Market Reactions
SpaceX has expanded beyond rockets into satellite internet and artificial intelligence, generating significant revenue from its Starlink division, which had over 10 million subscribers and profit of $1.19 billion in the first quarter. Despite this, the company's AI division, including xAI and the social media platform X, faces losses, contributing to a $4.9 billion deficit last year and substantial expenses to develop new technologies. The company's IPO was the largest in history, with capital expenditures reaching over $20 billion in 2025 to fund growth and infrastructure, including the development of a next-generation rocket for Mars exploration.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)