SpaceX posts smaller-than-expected loss despite scrutiny over AI spending

AI Summary

SpaceX reported a smaller-than-expected quarterly loss as a public company, surpassing Wall Street's forecast. Despite concerns from investors about heavy AI spending and Elon Musk's optimistic projections, the company showed resilience.

The rocket and satellite company beat Wall Street's loss forecasts in its first quarterly report as a public company, even as investors question its heavy AI spending and whether Elon Musk has oversold its prospects.