$8.7B in losses over the last 5 quarters sounds bad, but that is also with $20.4B capital expenditure in the period and double digit percent increases per quarter in user metrics.
replyBy traditional business metrics it looks toxic but compared to a typical tech unicorn it's not really outstanding.
Considering it's a tech unicorn with strategic and financial leverage like no other (their own global Internet infrastructure, access to arbitrary billions in capital, ability to build the biggest chip fab in the world), it's certainly fair to call it a gamble, but to call it failing is a stretch imo.
Did I miss something? When did Spacex get into the fab business?
replyThe project was first teased by Musk in early 2026 and officially announced on March 21, 2026 during a special event at the defunct Seaholm Power Plant in Austin, Texas [1][2]
replySo part of the extended cinematic universe then.
reply(man, I wish I could get people to throw money at me for all of my outstanding projects that I buy some parts for and would be nice to do "some time")
I'm sure they'll get around to building that electric VTOL Elon Musk has been "recently thinking about" for the past decade eventually, too.
replyWhat failing companies?
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