

Actually the Starlink division itself is profitable.
The unprofitable part is Twitter and xAI which got merged in right before the IPO.
SpaceX was actually on the path to being quite profitable, but then Musk tried to hide his two biggest money sinks inside it.

This isn’t seeing into the future. This is just taking a look at the present.
Present #1: AI datacenters cost a fuck ton
Present #2: No customer is willing to pay the costs of AI unless they sell at a loss