SpaceX's IPO papers reveal how much Musk is losing billions while betting on AI

The IPO papers filed by SpaceX revealed that Elon Musk is losing billions of dollars while betting on AI technology that hasn't been built yet. While Starlink reported an operating profit of $1.19 billion in January-March, SpaceX still ended up losing $1.94 billion on a $4.69-billion revenue. This is because its AI division lost $2.47 billion on just $818-million revenue.