SpaceX AI Bet Revealed in Earnings | Madison News

SpaceX just dropped its first-ever quarterly earnings report, smashing revenue expectations with $7.8 billion in Q2 — up 66% from Starlink alone — but still hemorrhaging cash at $541 million, on top of a $4.3 billion loss in the first three months. The real story? AI is exploding, with revenue jumping 247% year-over-year, as SpaceX pours $18.4 billion into xAI infrastructure — nearly $16 billion of it — signaling a massive bet against giants like OpenAI and Google. Despite beating Wall Street’s forecasts, shares dipped after-hours as investors grapple with the company’s audacious financial strategy to fuel Mars colonization and AI dominance. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9f6e4e2e8f500bad