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SpaceX AI spending worries Wall Street despite claims of quick payoff

SpaceX executives, speaking to Wall Street for the first time since the company’s IPO, argued that the AI buildout is expected to start paying off within a year, according to CNBC.

Reported · Written up by our desk · North America

SpaceX is facing unease on Wall Street over how much it is spending on artificial intelligence, even as the company tries to frame the investment as a near-term growth catalyst. CNBC reports that executives addressed investors for the first time since SpaceX’s IPO.

According to CNBC, the company’s messaging emphasized that its sizable AI investments are intended to generate returns within roughly a year.

Despite those assurances, the report says the spending has nonetheless unnerved parts of Wall Street as investors weigh the scale and timing of the costs against the promised payoff.

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