What changed in this update
Elon Musk’s rocket company said its capital expenditures jumped nearly seven times from a year ago. Revenue also rose.
Company posts $7.81bn in revenue, a jump of 92%, after share prices crashed following IPO debut For the first time since SpaceX went public, the world is getting a first-hand look into the trillion-dollar corporation’s financials. The Elon Musk -run business reported its second-quarter earnings on Tuesday, saying that its revenue jumped 92% since June. SpaceX beat Wall Street expectations, reporting $7.81bn in reven…
NYTimes – Business Elon Musk’s rocket company said its capital expenditures jumped nearly seven times from a year ago. Revenue also rose.
NYTimes – Business Elon Musk’s rocket company said its capital expenditures jumped nearly seven times from a year ago. Revenue also rose.
Elon Musk's rocket, satellite and AI provider reported quarterly revenue of $7.8 billion, topping Wall Street forecasts.
NPR – Politics President Donald Trump named Jay Clayton, the current director of national intelligence, to also serve as the new White House AI czar. Trump said Clayton will lead a new "Super Intelligence Force" coordinating government engagement with artificial intelligence. The announcement followed a White House meeting where Trump said top AI executives signed a voluntary accord to self-police AI development.
BBC News – Business The president named his national intelligence chief will head the taskforce as worries over the technology grow.
Sky News – Front Page Cornell University President Michael I. Kotlikoff called an alleged 2024 fraternity house gang rape of a student "deeply disturbing" and said the university "must do better." In a video statement, he described the incident as "a defining moment in Cornell's history" and pledged greater transparency while raising concerns about sexual assault, dehumanization, party culture, and alcohol and drug use.
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