In today’s Market 360, let’s take a closer look at what SpaceX actually reported and why its enormous AI spending has Wall Street nervous. Then I’ll share what this tells us about the increasingly difficult decisions investors face in today’s AI boom.
SpaceX posted $7.8B revenue (+92%) but a $541M loss, burning $16B AI capex (2x sales). Capital allocation now separates AI winners: Microsoft and Google monetized spending; SpaceX must prove earnings follow infrastructure investment.
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Elon Musk has never been accused of thinking small.
If you need proof, look no further than the SEC filings of Space Exploration Technologies Corp. (SPCX).
According to those documents, part of Musk’s restricted stock award is tied to what the company officially calls the “Mars Colony Milestone.”
We’re not talking about planting a flag on Mars or sending a handful of astronauts there one day.
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