SpaceX Plans to Sell Shares and Focus on AI
Introduction
The founder of SpaceX wants to send people to Mars. But new papers show the company wants to work on artificial intelligence (AI). AI is when computers learn to do smart things. SpaceX needs money from selling shares. Its money situation looks like a young company that spends a lot.
Main Body
SpaceX has a business called Starlink. Starlink gives internet from space. Last year, Starlink made $4.42 billion. This money helped pay for losses from the rocket part of the company. Now SpaceX spends more money on AI. In 2025, the AI part used 61% of all the money the company spent. But the AI part lost $6.4 billion. SpaceX wants to put many computers in space. This will cost a lot of money. Big technology companies like Google, Microsoft, and Amazon plan to spend more than $600 billion on AI this year. They have more money from other businesses. SpaceX spends more money than it makes. It wants to buy a company called Cursor for $60 billion. Or it can pay $10 billion for a deal with Cursor. This is a big risk. Analysts say investors need to see if AI makes money. One analyst said SpaceX looks like a very big startup.
Conclusion
Right now, SpaceX makes money from rockets and satellites. But the company wants to become an AI company. Investors who buy shares are paying for a change that has not happened yet. The success of this change depends on AI making money in the future.