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SpaceX Shares Drop After Earnings Show AI Spending Surge

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SpaceX reported quarterly revenue nearly doubling to $7.8bn while spending surged to $18.3bn, with most of the increase tied to AI. It has 1.4 gigawatts of compute ready and aims to reach at least 10 gigawatts next year via data centres. The space segment posted a $542m net loss, and analysts weigh a shift toward AI infrastructure alongside rockets and Starlink.

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