SpaceX spooks investors with debut earnings report
Summary
SpaceX's debut earnings report shows strong revenue growth but a sizable net loss. The company disclosed roughly 16B in AI-related capex and plans to expand computing capacity toward 10GW by 2027, powered largely by Nvidia hardware, which spooked investors and led to a share drop. AI-driven data center leasing and partnerships underpinned near-term revenue, while larger ambitions include orbital data centers and space-based infrastructure.