SpaceX has $100 billion in cash for ambitious goals
SpaceX is set to release its first earnings report as a public company in early August. The company has acquired Cursor, an artificial intelligence start-up, for $60 billion in stock.
SpaceX now has over $100 billion in cash to invest in its goals, including AI data centers in space. Its total addressable market is pegged at $28.5 trillion, with the majority attributed to AI.
The company faces steep competition in the AI sector, particularly from OpenAI. Despite its growth potential, SpaceX’s AI business unit is currently its least profitable.
Investors are eagerly awaiting the earnings report, which will provide updates on the company’s business and progress toward its ambitious goals.