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INSANE: 8 | Rare Historical Photos

Elon Musk Says the Fight to Stop Rockets From Exploding Into Tiny Pieces Is Why SpaceX Will Crush Data Centers Like the Yankees Playing ‘Little League’

Elon Musk says SpaceX’s rocket engineering gives it a major edge in AI data centers, arguing the company solves far harder problems every launch than competitors face building terrestrial infrastructure.

Barchart · Aug 6

Elon Musk Stock Crash Erases 87 Billion Dollars as SpaceX AI Infrastructure Costs Surge Sixfold

Elon Musk's net worth dropped by an estimated $87 billion in a single day after SpaceX stock plunged on its first post-IPO earnings.

International Business Times UK · Aug 6

Northwood Space's Bridgit Mendler on the next chapter for space startups

Bridgit Mendler—a Harvard and MIT grad who cofounded Northwood in 2022—draws attention for her childhood as a Disney Channel star. But she’s chasing one of the most granular (and most vital) space economy problems.

Fortune · Aug 6

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SpaceX Stock Faces Biggest Test Since IPO as 911.5 Million Insider Shares Unlock Thursday

SpaceX's first major share unlock since its IPO gives insiders access to sell as markets weigh supply risks after mixed investor reaction to earnings.

International Business Times UK · Aug 5

SpaceX's Biggest Victim Yet? Starlink's 55-Year-Old Rival Files for Bankruptcy

SpaceX (NASDAQ:SPCX) has reshaped the satellite and space industry, and its first earnings report since going public highlighted plans to expand that disruption. One early casualty may be Hughes, the satellite internet business owned by EchoStar Corporation (NASDAQ:ECHO), which filed for Chapter 11 bankruptcy ahead of SpaceX’s report.

Benzinga · Aug 5

Elon Musk: 'At some point, Starlink will deliver a majority of the world's internet,' but that promise hinges on launching thousands more next-gen satellites and the massive Starship working as promised

Starlink head Elon Musk believes he can serve most of the world's Internet in less than a decade, but is that claim realistic?

TechRadar · Aug 5

SpaceX Lockup Expiry Could Send a Gentle Jolt Through QQQ, Nasdaq ETFs

Beginning Thursday, the proportion of SpaceX’s (NASDAQ:SPCX) shares available for public trading is set to rise from less than 5% to more than 12%, with more lockup expirations scheduled for Aug 20 and late September. The expanding free float could gradually increase the rocket company’s weight in float-adjusted indexes such…

Benzinga · Aug 5

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SpaceX's AI Spending Has Rattled Investors. Its Stock Is Sinking.

SpaceX stocks are sinking on Wednesday following its earnings report.

International Business Times · Aug 5

SpaceX shares tumble 12%, fall below IPO price as AI spending concerns mount

SpaceX has demonstrated accelerated returns on its AI investments, though investors express concerns regarding future funding for data centers. Following its IPO, the company's stock saw a significant drop. Despite this, AI revenue surged over threefold, and new cloud agreements were announced. The capital invested in AI is still high,…

The Economic Times · Aug 5

Elon Musk Admits Moon Robot Plans Sound 'Totally Nuts' as SpaceX Shares Tank on Debut Earnings

SpaceX's earnings report reveals strong revenue but heavy AI spending, causing shares to drop. Elon Musk shifts focus to ambitious plans for Moon factories, sparking investor debate.

International Business Times UK · Aug 5

Former Tesla Board Member Says xAI Can 'Break In With the Big Boys' Anthropic, OpenAI and Google— but There’s a Catch

Former Tesla Inc. (NASDAQ:TSLA) board member Steve Westly said Elon Musk’s xAI could challenge Anthropic, OpenAI and Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, but warned that entering artificial intelligence’s top tier will demand heavy spending and execution.

Benzinga · Aug 5

The real reason SpaceX shares are tanking after out-of-control rocket smashes into moon

The first financial report released by Elon Musk’s space and AI firm is having a bigger impact back on Earth

The Independent UK · Aug 5

SpaceX posts 92% revenue surge, but stock tumbles 7% in after-hours. Here's why

SpaceX reported a strong debut quarterly performance as a public company, with revenue surging 92% year-on-year to $7.8 billion in the April–June quarter, driven by robust growth in its Starlink and AI businesses. Despite the strong earnings, the stock fell in after-hours trading as investors reacted to a sharp rise…

The Economic Times · Aug 5

Elon Musk Mocks Bears as SpaceX Stock Jumps 9%, Beats Revenue Estimates: 'I Try to Warn Them'

SpaceX's stock performance is impacted by its latest financial results, short selling dynamics, and Elon Musk's strategic moves, as the company faces a crucial share unlock this Thursday.

International Business Times UK · Aug 5

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Euronews · Aug 5

SpaceX posts smaller-than-expected loss despite scrutiny over AI spending

The rocket and satellite company beat Wall Street's loss forecasts in its first quarterly report as a public company, even as investors question its heavy AI spending and whether Elon Musk has oversold its prospects.

Benzinga · Aug 5

SpaceX CEO Elon Musk Thinks People Underestimate Starlink and That Is a 'Big Deal'

Space Exploration Technologies Corp. (NASDAQ:SPCX) CEO Elon Musk said Tuesday that people are underestimating Starlink’s long-term potential and believes the satellite internet network could eventually deliver a majority of the world’s internet traffic in less than a decade.

Benzinga · Aug 5

Elon Musk Ties Tesla's Optimus to Starlink's Next Growth Phase: 'The Appetite for Bandwidth Will Be Much Greater'

Elon Musk said on Tuesday that artificial intelligence (AI), humanoid robots and autonomous vehicles will dramatically increase demand for network bandwidth, arguing the world will need far more connectivity than ever before.

International Business Times UK · Aug 5

'Never Bet Against Elon': Peter Diamandis Believes SpaceX Could Reach $10 Trillion

Peter Diamandis says SpaceX could become the world's first $10 trillion company as Starlink, AI, reusable rockets, and vertical integration fuel its long-term growth.

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Benzinga · Aug 5

Elon Musk Pulls Forward $1 Trillion Revenue Target for SpaceX as Revenue Jumps 92% — 'There's a Non-Zero Chance…'

Elon Musk on Tuesday said that Space Exploration Technologies Corp.’s (NASDAQ:SPCX) in-house forecast for hitting $1 trillion in annual revenue has been pulled forward to 2030 from 2031.

The Economic Times · Aug 5

SpaceX plans to turn Starlink into full-fledged mobile service, targets Verizon, AT&T and T-Mobile

SpaceX plans to build a terrestrial mobile service using acquired spectrum licenses. This move could challenge established wireless carriers like Verizon and AT&T. The company aims to integrate its satellite network with ground infrastructure for broader coverage. Analysts caution that building a nationwide network will require significant investment and time.…

Fortune · Aug 5

Elon Musk delivers ‘totally nuts’ plan for moon robots and $1 trillion revenue target, but capex tanks SpaceX on debut earnings

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

Space · Aug 4

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.

International Business Times · Aug 4

SpaceX Delivered a Strong Earnings Beat After Its Historic IPO. But Questions About Starlink and AI Spending Remain And The Stock Fell.

Adjusted EBITDA reached $3.5 billion, well above the roughly $2.1 billion analysts had projected, with shares rising in after-hours trading following the release.

Fortune · Aug 4

SpaceX revenue surges 92% 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.

The Economic Times · Aug 4

US stocks: SpaceX quarterly revenue surges in debut results on strong growth in its Starlink business

SpaceX has announced an impressive 92% increase in revenue for the latest quarter, primarily fueled by the growth of Starlink and its AI initiatives. Despite this surge, the firm faced a net loss due to significant capital allocated towards infrastructure and future projects. After a strong IPO, its stock is…

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