SpaceX Earnings: AI Is Now Its Biggest Business | Market Update Oct 21
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SpaceX Earnings: AI Is Now Its Biggest Business | Market Update Oct 21
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Summary
More than half of SpaceX's sales now come from AI.The company's second earnings report since going public showed revenue up 161% and its AI segment up 830%, with $19.6 billion spent on equipment in a single quarter. GM topped estimates and announced a $20 billion buyback, then dropped almost 7% on a light forecast. The Dow rose 1.02%, the Russell 2000 gained 1.65%, and pending home sales fell to a record low.Coming up: Meta and Tesla report tonight.
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