SpaceX earnings put Elon Musk's Starlink cash cow to the test
Source: Business Insider ·
Elon Musk is taking a big swing in his bet to turn Starlink into a mobile carrier just in time for earnings.
From the source
SpaceX CEO Elon MuskBloomberg/Getty ImagesThis post originally appeared in the Business Insider Today newsletter.You can sign up for Business Insider's daily newsletter here.The SpaceX business helping to fund Elon Musk's biggest bets is taking a swing of its own just in time for earnings.The SpaceX business helping to fund Elon Musk's biggest bets is taking a swing of its own just in time for earnings. SpaceX reports earnings after the bell today, and Musk's goal of turning Starlink into a major mobile carrier is expected to be a focus. Taking on Verizon, AT&T, and T-Mobile is a huge endeavor. And it requires significant investment from a company that already has a long list of expensive bets.As a bit of a refresher, SpaceX is made up of three key parts: connectivity (Starlink), space (reusable rockets like Starship), and AI (Grok, X, and data centers). Among the three, connectivity is the only one generating an operating profit.That makes it incredibly valuable not only as a…