SpaceX Could Acquire T-Mobile As It Expands Into Wireless, Analyst Says

Starlink generated 69% of SpaceX's revenue in its first quarter and was the company's only profitable unit, highlighting heavy dependence on the connectivity business. The space unit lost $619 million, while the AI arm shed $2.5 billion, signaling significant losses outside Starlink and a weak profitability mix overall.

Analysis

Starlink generated 69% of SpaceX's revenue in its first quarter and was the company's only profitable unit, highlighting heavy dependence on the connectivity business. The space unit lost $619 million, while the AI arm shed $2.5 billion, signaling significant losses outside Starlink and a weak profitability mix overall.