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SpaceX's AI spending unnerves Wall Street despite promises of quick payoff

SpaceX's AI spending unnerves Wall Street despite promises of quick payoff

In addressing Wall Street for the first time since SpaceX's IPO, executives tried to make the case that hefty AI investments are paying off within a year. CFO Bret Johnsen said that in the first few weeks of the current quarter, SpaceX contracted an additional $6.7 billion of cloud services revenue "that begins ramping starting in October.

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Source: CNBC
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