Musk thinks investors are 'underestimating' SpaceX

Kali HaysUS business reporter Shares in Elon Musk's SpaceX tumbled after the company's first-ever earnings report revealed a huge jump in spending on artificial intelligence, spooking investors. While the firm's quarterly revenue had nearly doubled to $7.8bn (£5.8bn) from a year earlier, its spending ballooned to $18.3bn, more than six times what it was a year ago, the bulk of which was for AI. The firm builds space rockets and Starlink internet satellites as well as owning the social media plat