SpaceX Exceeds Revenue Estimates in First Earnings Report Since IPO

SpaceX’s revenue exceeded Wall Street’s expectations in the company’s first quarterly financial report following its blockbuster initial public offering in June. Elon Musk’s satellite, space and artificial intelligence conglomerate reported revenue of $7.8 billion on Tuesday, greater than than the $6.81 billion analysts polled by Bloomberg estimated on average. It also unveiled an operating loss of $1.26 billion from its AI business, which was less than expected. We get reaction from Bloomber...

FirstFT: SpaceX surpasses analysts’ expectations in debut earnings report

Also in today’s newsletter: India proposes widening tax exemptions for foreign investors and Malaysia’s $100bn ‘cursed island’

After share price crash following IPO, SpaceX to report first earnings as a public company

The company will release its second quarter earnings on Tuesday, giving investors a look at its potential profit For the first time since SpaceX went public, the world will get a first-hand look into the trillion-dollar corporation’s financials. The Elon Musk-run business will report its second quarter earnings on Tuesday, while nervous investors look to gain more insight into the rocket ship company’s potential for profit. SpaceX had a blockbuster initial public offering in June with the lar...

By Dara Kerr

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

Instant View: SpaceX's first quarterly results as a public company beat expectations, but AI costs hit stock

Macerich Q2 earnings, revenue beat as occupancy rises, expenses decline