WorldPingSpaceX shares sink after first earnings report reveals huge AI spending plans
Elon Musk said during a call with financial analysts that people were "underestimating" his company.
Brief by WorldPing · Original reporting by BBC Business
WorldPingTechnology stocks booming again while Brent crude trades around $80 a barrel amid hopes for a Middle East interim deal It’s a double dose of good news, as industry data showed new car sales in Britain rose nearly 12% in July, driven by strong demand…
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WorldPingElon Musk said during a call with financial analysts that people were "underestimating" his company.
Brief by WorldPing · Original reporting by BBC Business
WorldPingSoftware group benefits from global systems and accounting practices ‘that enable tax to be shirked’, says union boss The software group Palantir paid just £2m in corporation tax in the UK in 2024, despite holding public sector contracts worth hundre…
Brief by WorldPing · Original reporting by The Guardian
WorldPingThe rocket-and-AI company posted stronger than expected revenue, but investors choked on the rapidly rising capital expenditures.
Brief by WorldPing · Original reporting by Fortune
WorldPingMusk said the rocket scientist behind SpaceX’s reusable rockets gives the company an edge in building AI data centers as rivals race to expand compute capacity.
Brief by WorldPing · Original reporting by Fortune
WorldPingCompany posts $7.81bn in revenue, a jump of 92%, after share prices crashed following IPO debut For the first time since SpaceX went public, the world is getting a first-hand look into the trillion-dollar corporation’s financials.
Brief by WorldPing · Original reporting by The Guardian
CEO Elon Musk said SpaceX would hit $1 trillion in annual revenue in 2030 versus a previous forecast of 2031 as he looked to strike an bullish tone.
Brief by WorldPing · Original reporting by CNBC World