Instant View: SpaceX's first quarterly results as a public company beat expectations, but AI costs hit stock

NEW YORK, Aug 4 : SpaceX on Tuesday posted its first quarterly results as a public company, highlighting a 92 per cent rise in revenue on strong growth in its Starlink satellite-internet and AI businesses.Revenue for the second quarter ended in June rose to $7.8 billion from $4.1 billion a year earlier, beating the $6.9 billion consensus estimate. The firm lost 9 cents a share, beating the 26-cent loss expected by analysts.Shares fell 4 per cent in late trading on Tuesday after rising 9.4 per cent in regular action.The report has been widely anticipated on Wall Street in part because the earnings release will be followed this week by the unlock of 911 million shares previously subject to restrictions - an event that stands to add to the already significant pressure on the shares of Elon Mu