SpaceX's Real Financial Engine Isn't Rockets or AI
SpaceX's Connectivity division generated enough operating profit in Q2 to offset more than 92% of the combined operating losses from its Space and AI businesses.
SpaceX's internet service business made so much money that it covered almost all the losses from their rocket and AI divisions. This shows SpaceX has one part that's really working well, even if other parts are still losing money.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.