@PebMet1@Jo82999Johann@SpaceX Correct, but when SpaceX purchased xAI, they purchased their entire accounting history as well.
This means any losses xAI earned in 2025, 2024 or 2023, are on SpaceX books for those years.
They are reporting as one company now.
@PebMet1@Jo82999Johann@SpaceX No one is trying to argue any different. This conversation was never a conversation about valuation.
Your initial tweet suggested that the launch business was not profitable, despite a hundred launches per year.
Why are we now changing the topic to valuations and total profits?
@luke_leisher_ I agree.
It has been scary watching a lot of space nerds try to understand accounting, both on the pro and against Spacex sides.
Some will get lucky, but a lot of people are going to get burned, both from investing and from shorting.
@PebMet1@Jo82999Johann@SpaceX 3) Most of SpaceX historical net losses are from the xAI side of the business.
4) Why did SpaceX buy xAI? Well partly to bail out investors in xAI and X. But also, because it is the fastest way for SpaceX to grow revenues, as evident by the Anthropic and Google deals.
@PebMet1@Jo82999Johann@SpaceX There are many different questions in this reply.
1) Early SpaceX and xAI up to this point had large losses due to large capex.
2) In 2025 the only segments of SpaceX that lost money were xAI and the Starship portion of launch. Starlink and Falcon launch are profitable.
@hhuntzinger@childejc@hedgedguy Elon's response was obviously ill thought out and childish.
However, its an important detail to remember that the rescue team eached out to Musk to see if he had anything that could help and were the ones that provided the specifications for the sub, which later changed.
@_RoShake@WifiMoneyPlant@EmpireEnjoyer3 His dads net worth is estimated to have peaked somewhere between 2M and 5M in the 1980's and is thought to have lost most his money by the team Elon graduated high school.
By the time Elon moved to Canada, he and his family were essentially middle class.
@Jo82999Johann@PebMet1@SpaceX Even if you include Starlink launches, Falcon launches are profitable as a whole.
Starship is the only reason that the launch division currently has a net loss. It's really funny watching a lot of smart space people try to understand accounting for the first time.
@PebMet1@SpaceX Because of depreciation expense on Starship related assets and R/D.
If you eliminate Starship and look only at Falcon launch operations, the launch is profitable and cash flow positive.
This is to be expected, so I don't really understand your criticism here.
@xdNiBoR Look, this wasn't some game changing movie that will be studied in film classes for the next few decades. But I found the movie very enjoyable.
Definitely one of the better movies of the year.
Curious what type of things do you think we're left unexplained?
@LostInSpace9182@Aaron88035556@JackTinney2 OJ was let off based on technicalities during the trial.
The witness in this trial was found to be unrealiable and manipulative by the judge.
Such a harsh characterization of the witness is not necessary unless the judge felt the need. That's not the same as a lack of evidence.
@Jarod23409143@mattlabelle He was never this good though.
Marner had more goals and shots yesterday then he ever had in any SERIES with the Leafs.
He scored 13 goals in 9 years with the Leafs and already has 10 goals with Vegas.
He wasn't terrible, but he was never great for the Leafs.
@TatooineSons You seem to think people are incapable of unique thoughts???
I sat through the movie and turned to the person next to me and immediately told them "well that sucked"
During Episode 9 I was even more angry the whole time.
@Lickquidity@robertpuklin@robmaurer SpaceX recoups their entire initial capital cost in profit after just 15 months.
So if the deals last that long and then both pull out, then SpaceX is left with two massive data centers to use themselves that are already fully paid for.
@RobertHarrisonv@TheMindScourge Excluding high depreciating expenses from mega capex projects that have not even attempted to make money is a very logical statement.
Every operational division is profitable. You are making it seem like I just removed the biggest operating expense from their active divisions.
@RobertHarrisonv@TheMindScourge Every major division between SpaceX and Tesla was profitable last year if you exclude Starship development costs and data center build out.
And both comoanies are trending to me more profitable in 2026 then they were in 2025.
@RobertHarrisonv@WolvesSuperfan@TheMindScourge These deals are basically 90% profit and have 3 month break away notices. So even if both Google and Anthropic canceled the deals tomorrow, SpaceX would have still increased revenue by 50% year over year, just from these deals alone.
@jacob_bomb_@504Logannn@TheUnaButters@TouchlineX It definitely is uncomfortable, especially the first couple nights. But you just sleep with no covers and spreadout on the bed and you eventually fall asleep. And after a few days, you become used to it.
@13ericralph31 xAI buil two data cebters for 14B and 18B respectfully. They both cost around 1B per year to operate.
SpaceX has agreed to rent 100% of one and 40% of another for 26B per year.
In what way is this bad for SpaceX???