> How come? On the books or they're actually selling internet cheaper than they source it?

My bad, the satellite business is profitable. It's the space rocket division that operate at a loss, which they state clearly in their IPO filing.

> xAI is a money burning furnace

Even Mistral is earning more revenue than xAI and the french seem well on the way of having a sustainable business who becomes a key player in Europe.

But I might be biased, my information is mostly based on: https://www.youtube.com/watch?v=IHD8BDFYyGI