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On their first earnings call since SpaceX's June public offering, executives said the company is pouring funds into rocket development, Starlink satellites and AI.
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Elon Musk's rocket company said its capital expenditures jumped nearly seven times from a year ago. Revenue also rose.
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SpaceX stock drops after first earnings report as AI costs soar: Live updates CNBCSpaceX's Q2 results top estimates but stock drops on AI capex costs Yahoo FinanceSpaceX revenue jumps 92% but stock tumbles as investors weigh AI spending CNNSpaceX earnings live: First results show strong growth in Starlink but company posts net loss Reuters
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Dow, S&P 500 close at record on AI-linked earnings, Mideast deal hopes ReutersDow surges 900 points, S&P 500 closes above 7,700 for first time in booming Wall Street rally CNBCStock Market Shifts Into Overdrive As S&P 500, Dow Score All-Time Highs; Nasdaq-100 Soars 3% Investor's Business DailyStocks Rally as Investors Grow Hopeful About a Hormuz Deal The New York Times
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Stock Market Today: Dow Leaps 800 Points; Palantir, SpaceX Earnings in Focus — Live Updates WSJIran war live: Tehran says talks with Oman on Hormuz advancing ‘positively' Al JazeeraTrump administration claims Hormuz deal is close as Iran denies negotiations washingtonpost.comMiddle East crisis live: Rubio hopes US can reac
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SpaceX's revenue rises as its once-soaring stock price drifts back to Earth NPRSpaceX's Q2 results top estimates but stock drops on AI capex costs Yahoo FinanceSpaceX earnings takeaways: Soaring AI costs outweigh revenue beat in first report since IPO CNBCSpaceX's first results post IPO beat expectations with boost from Starlink - as it happened Reuters
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