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SpaceX's first results put Elon Musk's AI spending under Wall Street's microscope
Aug 3, 2026
The Economic Times

SpaceX's first results put Elon Musk's AI spending under Wall Street's microscope

SpaceX will release its first earnings report after the market closes on Tuesday. Investors want to see if Starlink profits can support Elon Musk’s massive AI spending. Will Rhind said, "Starlink is executing beautifully, but it cannot single-handedly fund a $30 billion annualized AI capex program." Many analysts remain cautious.