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BYD’s first humanoid robots; Brazil named biggest buyer of Chinese cars: 7 EV reads●Crypto PAC Fairshake scores primary wins in Michigan and Washington●Sensex-Nifty 50 divergence persists after RBI policy decision: Here's what investors need to understand●Vedanta Aluminium shares can rally up to 28%? Why Systematix initiated coverage on the stock●AMD forecasts strong revenue growth on AI chip demand, but investors seek bigger gains●Novo Nordisk's raised forecast fails to change the debate over its obesity business●NSE SME stock jumps 8% despite muted trend on Dalal Street; here's why●Analysis:Europe's established tech firms emerge as unexpected AI winners●BYD’s first humanoid robots; Brazil named biggest buyer of Chinese cars: 7 EV reads●Crypto PAC Fairshake scores primary wins in Michigan and Washington●Sensex-Nifty 50 divergence persists after RBI policy decision: Here's what investors need to understand●Vedanta Aluminium shares can rally up to 28%? Why Systematix initiated coverage on the stock●AMD forecasts strong revenue growth on AI chip demand, but investors seek bigger gains●Novo Nordisk's raised forecast fails to change the debate over its obesity business●NSE SME stock jumps 8% despite muted trend on Dalal Street; here's why●Analysis:Europe's established tech firms emerge as unexpected AI winners●

Front Page

SpaceX beats revenue expectations in first earnings report after IPO crash

Business | The Guardian · 7h ago · 🇺🇸 United States

SpaceX beats revenue expectations in first earnings report after IPO crash

Company 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. The Elon Musk -run business reported its second-quarter earnings on Tuesday, saying that its revenue jumped 92% since June. SpaceX beat Wall Street expectations, reporting $7.81bn in revenue, versus analysts’ predictions of $6.93bn. While expansive, the company is not profitable. The company reported a loss of $541m, down from a $1bn loss in the same quarter last yea

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