Economic TimesLean R·
US stocks: SpaceX quarterly revenue surges in debut results on strong growth in its Starlink business
SpaceX reported on Tuesday a 92% rise in revenue for the April-June quarter, in its first earnings since going public, buoyed by strong growth in its Starlink satellite-internet and AI businesses.It reported revenue of $7.8 billion, compared with $4.1 billion a year earlier.Second-quarter revenue beat expectations of $6.93 billion, according to LSEG data. The company posted a net loss of $541 million attributable to shareholders for the three months ended June 30.The company said it invested…
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