Skepticism Over SpaceX-Google $30 Billion AI Computing Deal Amid Segment Losses
The article discusses a reported $30 billion deal between SpaceX and Google for AI computing power. The author is skeptical about the deal's value, noting that SpaceX's AI segment is operating at a significant loss (losing $2.5 billion on $818 million in revenue, meaning they sell at roughly 25 cents on the dollar). The author questions how much money will be lost on this contract and suggests that if xAI still has computing capacity to sell, it indicates the company isn't performing well. The author references Elon Musk's previous statements that selling computing power wasn't core to their business.
Key quotes
lost about $2.5 billion from operations in the March quarter, on segment revenue of $818 million
grossomodo vendono un dollaro a 25 centesimi (roughly they sell a dollar for 25 cents)
Vedremo le perdite di questo contratto quanto saranno (We'll see how much will be lost on this contract)
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