SpaceX beats quarterly revenue estimates as Starlink and AI expand, but stock slips on AI costs and share unlock risk
SpaceX reported its first quarterly results as a public company, posting a 92% year-over-year revenue increase to $7.8 billion for the quarter ended in June, outpacing the $6.9 billion consensus. The company lost $0.09 per share, narrower than the $0.26-per-share loss analysts expected. Management announced a datacenter-chip partnership with Nvidia…