SpaceX reported a quarterly loss of $541 million in its first earnings report as a public company. This loss is narrower compared to the $1 billion loss recorded in the same period a year earlier. The company also indicated a significant increase in its spending on artificial intelligence.
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SpaceX Reports Quarterly Loss and Increased Spending on A.I.
In its inaugural earnings report as a public entity, SpaceX announced a quarterly loss of $541 million, which is an improvement from the $1 billion loss reported in the same quarter last year. The company highlighted a rise in its investments in artificial intelligence.
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SpaceX’s Spending on A.I. Soars, In First Results After I.P.O.
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SpaceX Reports Quarterly Loss and Increased Spending on A.I.