Once, I had some questions about why SpaceX, Elon Musk’s healthiest company, acquired xAI, his sickliest one. Now I have some questions about why we’re calling the whole thing SpaceX. Look, what we have here, by revenue, is primarily a telecom company and a company that rents compute, according to SpaceX’s first quarterly earnings statement […]
SpaceX has reported its first earnings as a public company, and the biggest number was not the one about rockets. The company that launches most of the world’s payloads made more money selling AI compute and satellite internet than it did from space. R…
SpaceX wants to catch a skyscraper falling out of the sky. The company plans to launch its next Starship as soon as this month and, for the first time, try to catch the returning upper stage with the giant robotic arms on its launch tower. Elon Musk la…
SpaceX is preparing to build a terrestrial mobile network to “acquire quite a few” of the customers now subscribed to T-Mobile, AT&T, and Verizon. The message to compete head-to-head with the US carriers was delivered by SpaceX president Gwynne Shotwell and CEO Elon Musk during the Q&A section of the company’s first earnings call. “The […]
Musk kept inflating the already-big promises being made by SpaceX CFO Bret Johnsen and Gwynne Shotwell on the company’s first call.
SpaceX’s AI revenue grew more than three times to $2.6 billion from the year before, mostly because of deals that the company made to provide compute to other AI companies, according to SpaceX’s quarterly earnings. The AI division, which the company said in its documents to go public was the source of most of its […]
SpaceX doubled its revenue compared to last year, according to its first quarterly earnings since going public in June.
Tesla’s sales inside China fell 19% in the first half of 2026 compared to its peak in 2023, dropping to the lowest level in years, according to new data from the China Passenger Car Association (CPCA).
At the same time, exports out of Giga Shanghai sur…
SpaceX has a scheduling problem that is really a strategy. As it launches ever more of its own Starlink satellites, the company is crowding rivals off the very rockets those rivals depend on. The squeeze is visible in the manifest. Starlink’s share of …