Off-topic for aiqbench

This story was gathered from a source we follow but falls outside AI and quantum coverage, so there is no aiqbench take for it.

SpaceX is barely Space and mostly X

The VergeAugust 5, 20267 min read

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 break a billion dollars this quarter and contributed only a touch over 10 percent of the company's revenue. SpaceX remains its own biggest customer. There just aren't enough other people who want its rockets. And, I dunno, maybe if the rockets … Read the full story at The Verge.

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 break a billion dollars this quarter and contributed only a touch over 10 percent of the company’s revenue. SpaceX remains its own biggest customer. There just aren’t enough other people who want its rockets. And, I dunno, maybe if the rockets were a primary focus of the company, SpaceX wouldn’t be in danger of blasting a new crater into…

Excerpt shown under the publisher's RSS terms · 125 words · full text and figures are on the publisher's site

Read at The Verge ↗Ask about this article