On their first earnings call since SpaceX's June public offering, executives said the company is pouring funds into rocket development, Starlink satellites and AI.
Like other big technology companies, Microsoft is hoping its aggressive spending on artificial intelligence is starting to translate into revenue.
The Silicon Valley company, which is undergoing a chief executive transition, also reported a 19 percent increase in profit.
The chip giant at the center of the artificial intelligence boom again beat expectations. But it didn’t overcome investor jitters.