TechWATCH: SpaceX's first quarterly results as a public company beat expectations, but AI costs hit stock
SpaceX reported its first quarterly results since becoming a public company on Tuesday. Revenue climbed 92%, supported by strong expansion in its Starlink satellite-internet and artificial-intelligence businesses. The company also unveiled a partnership with Nvidia involving chips for data centers. Despite beating expectations, SpaceX said AI-related costs weighed on its stock.
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Reuters★★☆☆☆2026-08-04 23:50Original
WATCH: SpaceX's first quarterly results as a public company beat expectations, but AI costs hit stock
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