GateUser-de7239ec

Musk’s two companies: one spent $19.6 billion in a quarter, and its stock rose 8%. The other cut $5 billion in spending, and its stock fell 3%.
The same batch of money spent on AI: the market punishes saving and rewards spending. That’s because this round of valuations doesn’t look at revenue at all; it looks at whether the money spent can deliver returns.
Next up, the three most expensive companies.
SpaceX had $14.58 billion in third-quarter revenue. Its computing-power sales were the most aggressive, at $7.56 billion, up 8.3x in a year. It actually spent $19.6 billion during the same period,