SpaceX’s AI spend rockets 7‑fold, crushing IPO hopes
SpaceX’s Q2 earnings showed revenue of $7.8 billion beating forecasts, but AI‑related capital expenditures surged to $15.8 billion—almost seven times last year’s spend and $2.7 billion above estimates. The AI binge left the company with a $541 million loss and a 7% after‑hours stock drop, flagging profitability risks as the IPO‑era fizzles.