Elon Musk delivers ‘totally nuts’ plans for moon robots and insists $1 trillion revenue target will hit but capex tanks SpaceX on debut earnings

WorldPing

The rocket-and-AI company posted stronger than expected revenue, but investors choked on the rapidly rising capital expenditures.

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SpaceX's first-ever earnings show higher revenues and huge spending

Elon Musk said during a call with financial analysts that people were "underestimating" his company.

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Fortune•

SpaceX revenue surges to $7.8 billion, blowing past Wall Street expectations by nearly $1 billion

SpaceX posted $7.8 billion in quarterly revenue, surging ahead of the $6.9 billion consensus, as Starlink subscribers doubled to 12 million and $14.1 billion in new AI contracts turbocharged financial results.

Brief by WorldPing · Original reporting by Fortune

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Gizmodo•

SpaceX Stock Drops After First Earnings Call as Musk Fails to Woo Investors With AI Goals

Musk promised robots on the Moon to justify directing the bulk of SpaceX's $18.4 billion capex on AI.

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Space.com•

SpaceX wants to launch next Starship this month (and catch it, too), Elon Musk says in 1st earnings call since historic IPO

SpaceX plans to notch some big milestones on the next test flight of its Starship megarocket, which is tentatively scheduled for late August.

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TechCrunch•

Elon Musk repeatedly one-upped his execs on SpaceX’s first earnings call

Musk kept inflating the already-big promises being made by SpaceX CFO Bret Johnsen and Gwynne Shotwell on the company's first call.

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NPR Top•

SpaceX's revenue rises as its once-soaring stock price drifts back to Earth

On their first earnings call since SpaceX's June public offering, executives said the company is pouring funds into rocket development, Starlink satellites and AI.

Brief by WorldPing · Original reporting by NPR Top