SpaceX's first earnings report is out — here are the numbers: Live updates

SpaceX, under the leadership of Elon Musk, has released its first earnings report following its successful IPO in June. The company, known for its reusable rocket technology, reported a substantial loss of $4.9 billion last year, primarily due to investments in artificial intelligence infrastructure. Despite the loss, SpaceX's connectivity segment, which includes its Starlink satellite internet service, remains the only profitable part of the business.

Analysts have set revenue expectations for SpaceX's three segments, with the company's stock price recovering 9.4% on Tuesday, closing at $125.33. However, this remains below the $135 IPO price, and the company's market capitalization stands at TK trillion. SpaceX is planning to construct a massive AI chip manufacturing plant, Terafab, in East Texas, which could cost up to $119 billion if fully completed.

The project aims to enhance SpaceX's vertical integration, optimize compute performance, and potentially reduce compute costs.

The company's recent actions, such as merging SpaceX and xAI, suggest a trend of combining its business ventures. Despite this, SpaceX has stopped accepting reservations for Starship rocket launches beyond late 2028 or early 2029. Industry experts are keenly awaiting the company's earnings call to learn more about its future plans and strategies.