Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Data also provided by ...

Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Data also provided by ...

CNBC's Morgan Brennan reports SpaceX expects AI revenue to surpass space revenue by September, with Elon Musk projecting AI compute could eventually generate up to $500 billion annually.

CNBC's Morgan Brennan reported SpaceX beat earnings, accelerated AI investment, projected $1 trillion in revenue by 2030 and expanded Starlink despite heavy capex and negative free cash flow.

"The company joining the index just 15 days after its stock market debut on June 12th, among the fastest inclusions ever thanks to Nasdaq's revised rules for newly listed companies," Brennan said. The ...