SpaceX quarterly revenue surges in debut results as satellite, AI businesses surge

SpaceX quarterly revenue surges in debut results as satellite, AI businesses surge  Reuters

SpaceX posted an operating loss of $143 million and an earnings per share loss of $0.09, beating analyst expectations of a loss per share of 26 cents.

SpaceX posted $7.8 billion in quarterly revenue, surging ahead of the $6.9 billion consensus, as Starlink subscribers doubled to 12 million and $14.1 billion in new AI contracts turbocharged financial results.

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 outperformed analyst expectations in second quarter

Nearly 1 Billion SpaceX Shares Unlock On Thursday  Forbes

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.