TechKey Takeaways From SpaceX’s First Earnings Report

SpaceX reported revenue above Wall Street expectations in its first quarterly financial statement after its blockbuster initial public offering in June. The company, described as Elon Musk’s satellite, space and artificial intelligence conglomerate, posted $7.8 billion in revenue on Tuesday. That exceeded the $6.81 billion average estimate from analysts surveyed by Bloomberg. SpaceX also reported a $1.26 billion operating loss in its artificial intelligence business, narrower than the $2.39 billion loss analysts had expected.