
First report since June IPO shows Starlink and AI growth, but executives warn spending spree continues
SpaceX revenue nearly doubles in debut earnings, shares fall 7.5%
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Summary
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. SpaceX shares fell 7.5 per cent in after-hours trading after rising 9.4 per cent during the day, ahead of the publication of results. The business, which includes commercial launches, government missions and development of Starship, remains a significant source of costs and uncertainty.
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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.
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SpaceX says its quarterly revenue nearly doubled in its first earnings report since going public in June.
according to CBS News — LatestSpaceX shares fell 7.5 per cent in after-hours trading after rising 9.4 per cent during the day, ahead of the publication of results.
according to Channel News AsiaThe business, which includes commercial launches, government missions and development of Starship, remains a significant source of costs and uncertainty.
according to Channel News Asia
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Aug 4 : SpaceX's revenue nearly doubled, the rocket company said in its first earnings report since going public, fueled by its booming…
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