SpaceX's AI Bet and Cash Crunch | Sydney News

SpaceX just shattered revenue records with $11 billion—up 92%—but investors are nervous as AI and rocket spending soar even faster. While the company rakes in hundreds of millions monthly selling AI compute to giants like Google and Anthropic, losses mount. Elon Musk remains bullish, predicting a trillion-dollar run rate by 2030 and betting big on AI’s future. Starlink, meanwhile, is the cash cow, doubling subscribers and planning to disrupt mobile carriers with direct-to-device service. Starship rockets, despite setbacks, are central to SpaceX’s long-term vision of space data centers and Mars. With both SpaceX and Tesla ramping up spending, whispers of a merger to solve funding woes swirl—but the high-stakes gamble could pay off—or backfire spectacularly. 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/a9f0c7e66dd1dd5f