SpaceX posts smaller-than-expected loss despite scrutiny over AI spending

The rocket and satellite company beat Wall Street's loss forecasts in its first quarterly report as a public company, even as investors question its heavy AI spending and whether Elon Musk has oversold its prospects.

NEW YORK (AP) -- SpaceX reported a smaller loss than Wall Street expected along with a surge in revenue in its first quarterly report as a public comp

E-commerce giant Coupang posted its largest quarterly operating loss since its New York listing in 2021, as a fine tied to last year's data breach swamped otherwise solid revenue growth. The company said Wednesday that revenue for the April-June period rose 10 percent on-year on a constant currency basis to $8.9 billio

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In addressing Wall Street for the first time since SpaceX's IPO, executives tried to make the case that hefty AI investments are paying off within a year.

Revenue was up more than 90 percent from the same period a year ago, beating analyst expectations.

The US stock market jumped to records as companies kept piling up profits and oil prices eased, while SpaceX released its first set of earnings since listing.

The US stock market jumped to records as companies kept piling up profits and oil prices eased, while SpaceX released its first set of earnings since listing.

Elon Musk's company has struggled to maintain investor enthusiasm that greeted its stock market debut.

SpaceX posts loss in first report as a public company but less than expected  AP News

SpaceX reported it lost more than half a billion dollars in its first quarterly report as a public company, but the loss was less than expected and revenue soared

Pfizer Post Loss on Higher Revenue  WSJ

Everything you need to know before you reach the office this morning.

Early backers of SpaceX are in line to share a windfall of up to $1trillion when a curb on selling their stakes in Elon Musk's rockets-to-artificial intelligence enterprise is lifted.