From CNET: SpaceX hosted its first-ever public earnings call since its record-breaking IPO on Tuesday. And while billionaire CEO Elon Musk spun a web of lofty promises (as he is wont to do) about a future moon catapult and a space-based economy, it seems the company’s more practical businesses are the immediate focus now that it has a responsibility to shareholders.
The future of SpaceX is directly tied to its satellites and large language models. SpaceX’s Starlink connectivity business, AI data centers and future Grok models are the primary focus over the next year of business, as they generate the greatest amount of revenue for the company. The Starship and Falcon rockets received far less time in the spotlight.
Since its founding, SpaceX has never posted a profit. The company’s massive valuation is based on ballooning revenue projections for the next half-decade of operations. Now that public investors have entered the picture, it’s becoming more important to actually deliver on some of these promises sooner rather than later.
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