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Catch up: SpaceX unnerves investors; Qatar says Hormuz talks are progressing
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TL;DRAI
SpaceX posted $7.8bn Q2 revenue (+92% YoY) but $541m net loss after $16bn AI spending. The frontier-model arms race demands heavy capex; investor exit signals market skepticism that AI-first hardware businesses can reach profitability without core revenue moats.
165 words~1 min read
