SpaceX’s Future Plans Hinge Heavily on Starlink and Grok - CNET

Our gifting experts are obsessively searching for holiday gifts that are unique, thoughtful and suitable for any budget. Our expert, award-winning staff selects the products we cover and rigorously researches and tests our top picks. If you buy through our links, we may earn a commission. Elon Musk's rocket, internet and AI company gave investors its first update since its June IPO. SpaceX hosted its first-ever public earnings call since its record-breaking IPO on Tuesday. And while billionaire CEO Elon Musk spun a web of lofty promises (as he is wont to do) about a future moon catapult and a space-based economy, it seems the company’s more practical businesses are the immediate focus now that it has a responsibility to shareholders. The future of SpaceX is directly tied to its satellites and large language models. SpaceX’s Starlink connectivity business, AI data centers and future Grok models are the primary focus over the next year of business, as they generate the greatest amount of revenue for the company. The Starship and Falcon rockets received far less time in the spotlight. Since its founding, SpaceX has never posted a profit. The company’s massive valuation is based on bal