The Billion Dollar Bet on AI: Can SpaceX's Ambition Pay Off? SpaceX's latest quarterly update revealed significant investments in its xAI unit, which develops and implements artificial intelligence services.
With capital expenditures reaching $15. 8 billion, Elon Musk is betting big on AI's potential to revolutionize multiple industries.
The actual figure exceeds even the most optimistic projections, according to Bloomberg News data, leading to a substantial overrun. As a result, SpaceX shares dropped 6. 5% in value after hours trading on Tuesday.