The article states right up front that they’re not profitable because of xAI’s costs.
So there’s nothing contradictory about it.
In the second paragraph:
> SpaceX’s annual revenue last year was less than $20 billion, and it lost nearly $5 billion, according to a new report from The Information, mostly because of xAI’s huge capital costs.
That's right. SpaceX is likely a great business on its fundamentals, and starlink is probably even better. The meme-stock part of this is that they've swept all these different business up together. I would've loved the opportunity to invest in SpaceX and starlink, but I'm not convinced the AI and other parts of the business are anything other than a landfill fire. The orbital datacentre concept is just plain nutty and in a different way than most of Elon's major undertakings. Sweeping them all in together like this just creates a serious risk that the best space company in the world will go under when the AI bubble bursts.