SpaceX made more revenue as an AI company than a space company

SpaceX reported that its AI revenue surged more than threefold to $2.6 billion, primarily due to contracts with other companies. These contracts included partnerships with Anthropic in May and Google in June, enhancing SpaceX's position in the cloud computing market. However, the division incurred losses of $1.5 billion this quarter, slightly less than the same period last year. SpaceX is looking to increase its investments in AI, which could impact its competitive strategies in the market, especially with new competitors like CoreWeave emerging.