SpaceX posts loss in first report as a public company
NEW YORK (AP) — SpaceX reported a smaller loss than Wall Street expected along with a surge in revenue in its first quarterly report as a public company as it sharply boosted spending, particularly on artificial intelligence. The company run by Elon Musk posted a loss of $541 million, or 9 cents per share, in the three months through June, less than half what financial analysts had forecast. Revenue jumped to $7.8 billion, up more than 90% from the year-earlier period. A standout in the quarter was the company’s big cash source, its “connectivity” business, with revenue ...