The latest IPO filing reveals a massive shift in SpaceX’s strategy:
🤖 AI Expansion: SpaceX invested $12.7B (61% of total Capex) into its AI Division. This led to a $6.4B operating loss as they scale up.
🛰️ Starlink Success: Starlink is officially the "Cash Cow," generating +$4.42B in operating income.
Summary: SpaceX is using Starlink’s massive profits to fund a huge bet on the future of AI.
Valuation Target: $1.75 Trillion.
What do you think? Is the AI spend worth the loss? 👇