SpaceX’s AI Wing Casts Cloud Over Future Earnings, Leading Experts Say
Key takeaways
- Aerospace & Defense Space X’s AI Wing Casts Cloud Over Future Earnings, Leading Experts Say By Kevin Holden Platt,
- But the ultimate trajectory of its new AI division is “highly uncertain,” and could even lead to more than $80 billion in “capital destruction,” say space securities researchers at the international firm Morningstar.
- “The newly acquired AI business,” Morningstar analysts Nicolas Owens and Suryansh Sharma say in a fascinating research note, “poses a material threat of value destruction to the company.”
Aerospace & Defense Space X’s AI Wing Casts Cloud Over Future Earnings, Leading Experts Say By Kevin Holden Platt,
Forbes contributors publish independent expert analyses and insights. Kevin Holden Platt writes on space defense, Space X, ISS, Space War I Follow Author Jun 08, 2026, 09:14pm EDTJun 08, 2026, 09:32pm EDT--:-- / --:--This voice experience is generated by AI. Learn more.This voice experience is generated by AI. Learn more.While Space X is now a world superpower in crafting reusable rockets, its high-priced takeover of the AI start-up xAI should be factored into calculating the value of the combined outfit and its IPO share price (Photo by CHANDAN KHANNA/AFP via Getty Images)AFP via Getty ImagesWhile SpaceX is now a world superpower in crafting reusable rockets, its high-priced takeover of the artificial intelligence start-up xAI, with its speculative future, should be factored into calculating the value of the combined outfit and its IPO share price, say leading aerospace equity analysts across North America.
As SpaceX counts down toward the launch of its initial public offering of shares, just after acquiring xAI in an astonishing $250 billion transaction, these space economics experts say potential investors should break down the post-merger outfit into its component parts to project its future earnings.