SpaceX reported second-quarter revenue of $7.81 billion, up 92% year over year and above Wall Street forecasts, in its first earnings report since going public. The Elon Musk-run company also disclosed sharply higher capital expenditures, driven in part by soaring AI spending.
NYTimes – Business 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…
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.
Elon Musk's rocket, satellite and AI provider reported quarterly revenue of $7.8 billion, topping Wall Street forecasts.
NYTimes – US Darline Graham Nordone, sister of the late Senator Lindsey Graham and backed by President Donald Trump, won the Republican primary runoff for U.S. Senate in South Carolina against Representative Ralph Norman. She is temporarily filling the seat and will face the Democratic nominee in November's general election.
NPR – Politics Move by Canada comes after US president spent morning railing against the country, calling it the ‘most difficult’ nation he deals with Canada announces retaliatory tariffs on wide range of US goods Sign up for the US Breaking News email On Truth Social, however, the president shot down assertions that the US talks with Canada collapsed in part due a proposed trade deal that would have weakened French language prote…
NYTimes – US U.S. President Donald Trump said the United States is considering renaming Lake Ontario to "Lake America" amid an escalating trade war with Canada. The threat, made as U.S.-Canada trade talks broke down, follows his earlier push to rename the Gulf of Mexico the "Gulf of America." Trump also told Canadian leaders to "fall in line" or face worse consequences than existing tariffs.
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