economy
SpaceX tops revenue expectations in first earnings report after IPO
Investors have been looking for Elon Musk to deliver AI advancements.
TL;DR
- SpaceX's revenue grew 92% to $7.81 billion in the period ending June 30.
- Connectivity division revenue rose 66% to $4.29 billion.
- AI revenue surged 247% to $2.56 billion.
- Space revenue increased by 29% to $962 million.
- Elon Musk projects SpaceX will achieve $1 trillion in revenue in 2030.
- The company's net loss fell to $541 million from $1 billion a year prior.
- SpaceX plans to build its infrastructure exclusively with Nvidia chips.