Hot off the back of another record-breaking earnings call from Nvidia
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In a note shared with Fortune ahead of its release this morning, the duo wrote that bullish sentiment is grounded in the AI revolution, pointing out that there hasn’t been a streak of six consecutive quarters of double-digit earnings growth since the aftermath of the global financial crisis (GFC).
Key facts
As of March 31, SpaceX has racked up an “accumulated deficit” of $41.3 billion, with a $4.27 billion net loss in Q1 of this year, compared to $528 million in the year-ago quarter
Speaking of finances, Fortune’s Allie Garfinkle and Alexei Oreskovic did some digging and found that the Starlink business appears to be SpaceX’s primary financial engine, accounting for more
Fortune’s Eva Roytburg highlights that alone, xAI could not raise the capital to build the AI infrastructure (robots to build homes, grow food and so on) that such a colony would require
The latest filing lifts the lid: Musk believes if humans stay solely on Earth, they could face the same fate as the dinosaurs
Summary
The case for S&P to hit 9,000. S&P 500 futures are up 0.6%. In Europe, the Sto600 is up 0.41% in early trading, and the U.K.’s FTSE 100 dropped dramatically before lunch and closely watched—initial public offerings (IPO) in corporate history. For many investors, the head-scratcher has been why? The latest filing lifts the lid: Musk believes if humans stay solely on Earth, they could face the same fate as the dinosaurs.