WorldPingSpaceX's first-ever earnings show higher revenues and huge spending
Elon Musk said during a call with financial analysts that people were "underestimating" his company.
Brief by WorldPing · Original reporting by BBC Tech
WorldPingThe rocket-and-AI company posted stronger than expected revenue, but investors choked on the rapidly rising capital expenditures.
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WorldPingElon Musk said during a call with financial analysts that people were "underestimating" his company.
Brief by WorldPing · Original reporting by BBC Tech
WorldPingSpaceX 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.
Brief by WorldPing · Original reporting by Fortune
WorldPingSpaceX plans to notch some big milestones on the next test flight of its Starship megarocket, which is tentatively scheduled for late August.
Brief by WorldPing · Original reporting by Space.com
Musk kept inflating the already-big promises being made by SpaceX CFO Bret Johnsen and Gwynne Shotwell on the company's first call.
Brief by WorldPing · Original reporting by TechCrunch
WorldPingOn their first earnings call since SpaceX's June public offering, executives said the company is pouring funds into rocket development, Starlink satellites and AI.
Brief by WorldPing · Original reporting by NPR Top
SpaceX's AI revenue grew more than three times to $2.6 billion from the year before, mostly because of deals that the company made to provide compute to other AI companies, according to SpaceX's quarterly earnings.
Brief by WorldPing · Original reporting by The Verge