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Dubai News Club > Tech > SpaceX is barely Space and mostly X
Tech

SpaceX is barely Space and mostly X

Press Room
Last updated: 2026/08/05
Press Room
Published: August 5, 2026
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Once, I had some questions about why SpaceX, Elon Musk’s healthiest company, acquired xAI, his sickliest one. Now I have some questions about why we’re calling the whole thing SpaceX.

Look, what we have here, by revenue, is primarily a telecom company and a company that rents compute, according to SpaceX’s first quarterly earnings statement as a public company. The space sector of the business didn’t break a billion dollars this quarter and contributed only a touch over 10 percent of…

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