SpaceX is barely Space and mostly X

Privatize the profit, socialize the losses? | Image: Cath Virginia / The Verge, Getty Images

Once, I had immoderate questions astir wherefore SpaceX, Elon Musk's healthiest company, acquired xAI, his sickliest one. Now I person immoderate questions astir wherefore we're calling the full happening SpaceX.

Look, what we person here, by revenue, is chiefly a telecom institution and a institution that rents compute, according to SpaceX's first quarterly net connection arsenic a nationalist company. The abstraction assemblage of the concern didn't interruption a cardinal dollars this 4th and contributed lone a interaction implicit 10 percent of the company's revenue. SpaceX remains its ain biggest customer. There conscionable aren't capable different radical who privation its rockets. And, I dunno, possibly if the rockets …

Read the afloat communicative astatine The Verge.