Bold News report
Origin articleStored source

SpaceX's first quarterly results as a public company beat expectations, but AI costs hit stock

NEW YORK, Aug 4 : SpaceX on Tuesday posted its first quarterly results as a public company, highlighting a 92 per cent rise in revenue on strong growth in its Starlink satellite-internet and AI businesses, and announced a datacenter-chip partnership with Nvidia.Revenue for the second quarter ended in June ros

CNA Latest News By CNA Captured Aug 4, 2026, 9:57 PM
Read the original Read Bold's report
Captured text

Source excerpt

4,199 extracted characters

NEW YORK, Aug 4 : SpaceX on Tuesday posted its first quarterly results as a public company, highlighting a 92 per cent rise in revenue on strong growth in its Starlink satellite-internet and AI businesses, and announced a datacenter-chip partnership with Nvidia.

Revenue for the second quarter ended in June rose to $7.8 billion from $4.1 billion a year earlier, beating the $6.9 billion consensus estimate.

The firm lost 9 cents a share, beating the 26-cent loss expected by analysts.

CEO Elon Musk said on a conference call with analysts and investors that SpaceX expects to receive a "significant percentage" of Nvidia's sought-after graphics processing units next year.

Bold News stores the normalized extraction for evidence and analysis. This public wrapper shows a limited excerpt; use the original link for the publisher's complete presentation.