SpaceX is set to report its first quarterly earnings since its record-breaking IPO, with investors watching whether Starlink's profits can continue to fund the company's expanding investments in artificial intelligence and space ventures. The results, due after Tuesday's market close, will give public investors their first detailed look at whether SpaceX's financial performance supports CEO Elon Musk's long-term vision spanning AI, space exploration and telecommunications. Musk has positioned AI as one of SpaceX's next major growth areas, with plans extending beyond renting computing capacity to third parties and including developing frontier AI models, consumer and enterprise software, and eventually data centres in space. "Starlink is executing beautifully, but it cannot single-handedly fund a $30 billion annualized AI capex program," said Will Rhind, founder and CEO of GraniteShares. Until the AI business and Starship launch operations become self-sustaining, Musk intends to use Starlink's profits to fund both businesses, a strategy critics argue is unsustainable. According to LSEG-compiled data, analysts expect SpaceX's AI business to nearly triple to $2.33 billion in the April-June quarter, compared with 12.5% growth in the previous quarter. Revenue growth at Starlink is also expected to accelerate to 52.6%, up from 31.6%. SpaceX spent $7.72 billion on AI expansion in the January-March quarter, accounting for about three-quarters of its total capital expenditure. Analysts expect overall capital