STEVE INSKEEP, HOST:

Here’s a financial update on Elon Musk’s SpaceX. Revenues are up for the rocket company, according to the first quarterly report since a record IPO in June. Losses are down, but they’re still losses, not profits. The company is spending heavily on artificial intelligence and investors are not sure what it’s worth. Here’s NPR’s John Ruwitch.

JOHN RUWITCH, BYLINE: Elon Musk, as you might expect, is not unsure what his company is worth. Here he is praising his staff on an earnings call after the results yesterday.

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ELON MUSK: The SpaceX team is solving some of the hardest engineering problems in the history of humanity, and…