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Their other posts in the index, biggest breakout first.
Here's what we learned from SpaceX's first earnings as a public company. First, AI. SpaceX spent a staggering $18.4 billion in the quarter, with most of that going to AI infrastructure. But those investments are starting to pay off. New cloud-computing agreements with companies like Google and Anthropic helped drive AI revenue to $2.6 billion. SpaceX tracking for $100 billion of annual revenue run rate by the end of this year, while Elon Musk pulled forward the company's target to reach $1 trillion of revenue by 2030. Second: Starship. Musk says SpaceX could be flying the rocket once a day within a year. He expects the next test flight later this month and plans to begin launching its first orbital AI data center satellites next year, built around Nvidia's latest AI architecture. And finally, watch out AT&T, Verizon and T-Mobile. SpaceX says it plans to build a terrestrial wireless network alongside Starlink's direct-to-cell service, and believes it can take customers from the big wireless carriers by eliminating dead zones. With the IPO behind it, investors are now watching whether SpaceX can match its rapid spending with equally rapid growth.