SpaceX pitches AI to investors

But Big Tech rivals outspend company on AI.

One Essential Read One Essential Read Recommended by Kate Turton, Newsletter Editor At SpaceX, AI is burning the cash that Starlink earns   Elon Musk is touting SpaceX as humanity's ticket to Mars. But the company's pitch to investors for a potentially historic IPO reveals that its main business will be the same as Big Tech: building artificial intelligence. The difference is ‌in how the companies fund the spending. While Alphabet and Microsoft have deep operating cash flows, SpaceX is bankrolling its push with revenue from rockets and satellites, leaving it with a cash-burn profile closer to a late-stage startup than a trillion-dollar incumbent. Read the full article   Sponsors are not involved in the creation of newsletters or other Reuters news content. Advertise in this newsletter or on Reuters' website   Reuters One Essential Read is sent three days a week. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. Want to stop receiving this email? Unsubscribe here. To manage which newsletters you're signed up for, click here. This email includes limited tracking for Reuters to understand whether you’ve engaged with its contents. For more information on how we process your personal information and your rights, please see our Privacy Statement. Terms & Conditions   © 2026 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036