SPACEX EARNINGS
🚀 SpaceX has reported stronger-than-expected results for the second quarter. Despite the earnings beat, the company’s stock fell more than 6% in after-hours trading after capital expenditures surged more than sixfold year over year to $18.37 billion, including $15.83 billion invested in AI.
* Revenue increased 92% to $7.9 billion.
* Net loss narrowed from $1.0 billion to $541 million.
* Starlink remains the company’s only profitable business segment.
#ShareMyTradFi $SPCX
🚀 SpaceX has reported stronger-than-expected results for the second quarter. Despite the earnings beat, the company’s stock fell more than 6% in after-hours trading after capital expenditures surged more than sixfold year over year to $18.37 billion, including $15.83 billion invested in AI.
* Revenue increased 92% to $7.9 billion.
* Net loss narrowed from $1.0 billion to $541 million.
* Starlink remains the company’s only profitable business segment.
#ShareMyTradFi $SPCX