BBC News·3 min read·medium
SpaceX shares sink after first earnings report reveals huge AI spending plans
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✦AI Summary
SpaceX shares dropped following an earnings report that showed significant losses driven by heavy investment in artificial intelligence infrastructure. Despite the losses, Elon Musk remains optimistic about the growth of the Starlink business and AI compute services.
Image source, EPA Image caption, Elon Musk's SpaceX in June became a publicly traded company.
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