SpaceX Is Absorbing Surging AI Costs as Insiders Prepare to Sell Shares

For a rocket company, SpaceX is spending a striking amount of money building out AI capacity, and the costs are landing just as insiders prepare to sell shares in a secondary round. The buildout is tied to satellite operations and to Musk's broader ambitions to run compute in orbit. Investors reading the tender offer have to weigh a launch business with real cash flow against an AI program whose returns are still theoretical.