SpaceX Beats Revenue Estimates in First Public Earnings, But Stock Falls on $18.4 Billion AI Spending SpaceX posted its first earnings report as a public company on Tuesday, August 4, beating Wall Street’s revenue expectations with 92% year-over-year growth — but the stock fell as much as 11% anyway, as investors focused on a sharp … Read more
Musk Calls Tesla-China Report “Absurdly Fake News” as SpaceX Preps First Earnings Since Going Public Elon Musk has flatly denied a Wall Street Journal report claiming Tesla executives were preparing to separate the company’s China business ahead of a possible merger with SpaceX, calling the report “absurdly fake news” — a denial that comes just … Read more
SpaceX Sets New Falcon 9 Reuse Record as Rocket Completes Historic 36th Flight SpaceX has reached another milestone in commercial spaceflight after one of its Falcon 9 boosters completed a record-breaking 36th mission, further demonstrating the reliability of reusable rocket technology. The launch carried a new batch of Starlink internet satellites into low Earth orbit … Read more