SpaceX results offer investors a first test of whether its lofty valuation matches Musk's AI-space visionA sign displays outside Nasdaq on the day of SpaceX's initial public offering (IPO) in New York City, US, June 12, 2026. REUTERSSpaceX's first earnings report since its record-breaking IPO will provide an early gauge of whether Starlink's profits can sustain the company's rapidly growing spending on AI and space ventures. Due after ​the market closes on Tuesday, the results will give SpaceX's limited pool of public investors their first chance to judge whether the financial case behind the ‌company's lofty valuation supports CEO Elon Musk's vision of a powerhouse spanning AI, space and telecommunications. SpaceX's AI expansion ​consumed $7.72 billion in the January-March quarter, accounting for about three-quarters of the company's total capital spending. Capital spending ​in the AI segment is expected to surge more than six times to $10.2 billion from the same period last year, according to Visible Alpha data.