AI and SPaceX’s Uncertain Future

SpaceX went public at a record $1.77 trillion valuation, but its acquisition of xAI transformed a wildly profitable launch and satellite company into one posting a $4.9 billion net loss just as the AI sector faces scaling compute costs, stalling enterprise adoption, and an energy shock cutting off 20% of global oil and gas. xAI isn't just one costly vertical of SpaceX; it's an aneurysm waiting to rupture.