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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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Scoop: Inside Trump's AI framework AxiosWhite House to meet with OpenAI, Anthropic and other top AI companies in first big regulation push | CNN Business CNNWhite House to meet AI firms on advanced model safety Al JazeeraSenate Democrats press Trump administration on access to advanced AI models The Hill
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Virginia reports its first locally acquired dengue case The Washington PostVDH investigating dengue virus in Northern Virginia, first-ever documented case of virus being acquired locally WSLSVDH Identifies a Locally Acquired Case of Dengue Virus Infection in Northern Virginia Resident Virginia Department of Health (.gov)Virginia reports first locally acquired dengue case Outbreak News Today
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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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