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Asian shares jump on AI trade revival despite SpaceX, AMD setbacks, as oil prices dip – business live
Asian stock markets rose on Wednesday as investor enthusiasm for artificial intelligence stocks returned, even as SpaceX shares fell following its first earnings report since going public and AMD faced its own setbacks. The rally came alongside a dip in oil prices, with Brent crude trading below $80 a barrel amid hopes for an interim…
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SpaceX is coming for T-Mobile, AT&T and Verizon
SpaceX has signalled its intention to build a terrestrial mobile network and compete directly with T-Mobile, AT&T and Verizon for US phone customers, rather than simply supplementing existing carrier networks. The plan was outlined by SpaceX president Gwynne Shotwell and chief executive Elon Musk during the Q&A session of the company’s first earnings call, marking…
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10 Sci-Fi Movies That Will Make You See the World Differently
Collider has published a list of ten science fiction films chosen not just for their entertainment value but for their capacity to change how viewers see the world, whether through ideas about communication, technology or humanity’s future. Written by Michael Block, the piece argues that while sci-fi is often discussed purely as art or spectacle,…
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CBS Officially Confirms ‘Marshals’ Update That Fixes a Major Taylor Sheridan Problem
CBS’s Yellowstone spin-off Marshals will use its second season to properly address Cal’s (Logan Marshall-Green) cancer diagnosis, according to comments from Marshall-Green in a recent interview. The show follows Kayce Dutton (Luke Grimes) as he becomes a U.S. Marshal working alongside his brother Cal in Montana, and the decision to explore Cal’s illness in depth…
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DAILY MAIL COMMENT: Andy Burnham is pledging to create thousands of extra jail spaces as anger grows over early release for offenders…but what exactly does his prisons plan involve?
The Daily Mail’s comment section examines a pledge by Andy Burnham to create thousands of additional prison places, amid growing public anger over the early release of offenders in England and Wales. The piece questions what his plan actually entails, coming at a time when the government’s early-release scheme is under intense scrutiny from critics…
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SpaceX beats revenue expectations in first earnings report after IPO crash
SpaceX has posted stronger than expected second-quarter revenue in its first earnings report since becoming a public company, easing investor concerns about its path to profitability following a sharp share price fall after its stock market debut. The Elon Musk-led firm reported $7.81bn in revenue, a 92% jump since June and above analysts’ forecast of…
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This Brilliant 2-Season HBO Sci-Fi Series Is the Perfect Weekend Binge
Avenue 5, an HBO science-fiction comedy starring Hugh Laurie, is being recommended as a weekend binge-watch despite lasting just two seasons before cancellation. The show follows Ryan Clark, an actor with no genuine spaceflight training hired by billionaire Herman Judd (Josh Gad) to pose as the captain of the luxury liner Avenue 5, purely to…
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Elon Musk repeatedly one-upped his execs on SpaceX’s first earnings call
At SpaceX’s first earnings call as a public company, held on Tuesday, Elon Musk made a series of bold predictions about the company’s future that his executives then repeatedly softened or reframed more cautiously for investors. This pattern echoes similar dynamics at Tesla, where Musk tends to focus on futuristic ambitions while other leaders concentrate…
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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…