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AI News from ET - At SpaceX, AI is burning the cash that Starlink earns

Vishwadeep Khatri
in AI News & Two Lenses

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SpaceX's ambitious IPO plans reveal a pivot towards AI, with significant capital spending allocated to its AI division, xAI. While Starlink's profitability offsets space division losses, the company's AI investments are substantial, resembling a large startup's cash-burn profile. Investors seek clarity on how this AI-centric model will generate revenue and achieve profitability at scale.

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