SpaceX revenue jumps in debut results as satellite, AI businesses surge

Aug 4 : SpaceX's revenue nearly doubled, the rocket company said in its first earnings report since going public, fueled by its booming Starlink satellite communications and AI businesses, but executives flagged the spending spree underpinning its lofty ambitions is far from over.The company led by Elon Musk said it expected a $100 billion revenue run-rate by December, promised a less than one-year payback on new capital deployments for AI compute, and forecast it would launch at least 1,000 next-generation V3 Starlink satellites within a year. It also laid out plans to take on mobile phone providers.The results for the quarter ended June 30 offered shareholders an early test of the investment case behind SpaceX's $1.75 trillion valuation: that profits from its fast-growing satellite inter