SpaceX is barely Space and mostly X
AI Summary
SpaceX's recent quarterly earnings statement indicates that it primarily operates as a telecom company and a computing rental service, rather than focusing on space-related ventures. This shift in revenue sources has led to questions about the true nature of the company and its branding as "SpaceX."
From the source
Privatize the profit, socialize the losses? | Image: Cath Virginia / The Verge, Getty Images Once, I had some questions about why SpaceX, Elon Musk's healthiest company, acquired xAI, his sickliest one. Now I have some questions about why we're calling the whole thing SpaceX. Look, what we have here, by revenue, is primarily a telecom company and a company that rents compute, according to SpaceX's first quarterly earnings statement as a public company. The space sector of the business didn't b
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