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SpaceX’s revenue rises as its once-soaring stock price drifts back to Earth
SpaceX has posted its first earnings report since going public, revealing that revenue nearly doubled year-on-year to $7.8 billion, even as the company recorded a $541 million loss and spent heavily on capital investment. The results underscore the gap between the excitement that drove the firm’s record-breaking flotation and the financial realities now facing investors,…
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SpaceX’s first public earnings statement shows the financials of an AI company in 2026
SpaceX has released its first quarterly earnings report since going public on 12 June, offering an unusually detailed look at the costs of running a major AI operation. Overall the company posted a 92% year-on-year rise in revenue to $7.8 billion (£6.1bn) for the quarter and narrowed its net loss to $541 million, from $1…
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SpaceX has bought $329M worth of Tesla Megapacks so far this year
SpaceX has significantly increased its spending on Tesla Megapack battery storage units, purchasing $295 million worth in the second quarter alone and $329 million so far this year, according to its latest earnings report. The purchases highlight the close financial ties between Elon Musk’s various companies, with the batteries likely destined for xAI’s data centres…
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Live results: Marshall seeks second Senate term in Kansas GOP primary
Republican Sen. Roger Marshall is expected to easily secure the GOP nod Tuesday as he seeks a second term representing Kansas in Washington. He faces one challenger, Pond Naramore. On the other side of the aisle, pastor Adam Hamilton leads the crowded Democratic field — even outraising Marshall this past quarter, per the Topeka-Capital Journal….
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SpaceX’s first-ever earnings show a loss and huge spending
SpaceX has released its first-ever quarterly earnings report since going public in June, revealing that although revenue nearly doubled, spending surged even faster, resulting in a net loss. The results have unsettled investors, as the Elon Musk-led company has already seen its share price slide well below its debut level despite briefly overtaking rivals such…
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SpaceX has more neocloud revenue
SpaceX’s AI division saw revenue more than triple to $2.6 billion, driven largely by deals to supply computing power to other AI firms, positioning the company as a competitor to “neocloud” providers such as CoreWeave. Despite the surge in AI income, the division still posted a $1.5 billion loss for the quarter, though this was…
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SpaceX doubles revenues on Anthropic and Google compute deals, Starlink growth
SpaceX has doubled its revenue year-on-year, driven largely by the growth of its Starlink satellite internet service and new deals renting out computing power to AI firms Anthropic and Google. The results, disclosed in the company’s first quarterly earnings report since going public, offer an early look at the financial performance behind what was the…
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What Happened to the Boy From ‘Boyhood’? Ellar Coltrane on 12 Years of Linklater’s Classic, Coming to Set High and More
Actor Ellar Coltrane, who played the lead role in Richard Linklater’s acclaimed 2014 film “Boyhood,” has spoken about life since the film’s release as it returns to cinemas for its 12th anniversary. “Boyhood” was shot over 12 years, following a Texas family through divorce and upheaval as the child actors grew up on screen, and…
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‘Another one!’ Every six from a record-breaking Sunrisers innings
The Hundred saw SunRisers Leeds smash a competition record of 21 sixes in a single innings against London Spirit at Headingley, a display of power-hitting that highlighted the growing dominance of big-hitting in the tournament. The record-breaking innings underlined the strength of SunRisers’ batting line-up and provided one of the standout individual team performances in…