Elon Musk delivers ‘totally nuts’ plans for moon robots and insists $1 trillion revenue target will hit but capex tanks SpaceX on debut earnings

SpaceX reported better-than-expected revenue growth and narrowed losses in its first public earnings report, but shares fell over 5% due to higher-than-anticipated capital expenditures on AI infrastructure. Elon Musk reiterated an accelerated $1 trillion annual revenue target for 2030 and promoted Starlink's potential to dominate global internet, though investors remained skeptical amid rising costs and insider stock sales.